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BioAmber signs BDO offtake deal with Vinmar

5:54 AM MST | January 24, 2014

BioAmber (Minneapolis), a renewable chemicals firm, announced on 22 January that it has signed a take-or-pay contract for biobased 1,4-butanediol (BDO) with Vinmar International. Under the 15-year offtake agreement, Vinmar has committed to buy 100% of the BDO produced in a 100,000-m.t./year plant that BioAmber plans to build in North America by 2017. Vinmar also plans to invest in the BDO plant by taking a 10% stake. As part of the agreement, Vinmar has a right of first refusal to invest in and secure 100% of the offtake from a second BDO plant that BioAmber...

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