MINNEAPOLIS, MN and ROTTERDAM, Netherlands, June 12, 2013 /CNW Telbec/ -
BioAmber Inc. (NYSE and EURONEXT Paris: BIOA) and IMCD Group announced
today that IMCD is now distributing BioAmber's biobased succinic acid
(Bio-SATM) in the Benelux, France, Iberia, Germany, Poland, South East Europe,
Switzerland and the United Kingdom and Ireland, targeting customers in
the resins and coatings market.
Being a global leader in the sales, marketing and distribution of
specialty chemicals, IMCD has a strong commitment to sustainability,
with the reduction of CO2 emissions one of its top corporate priorities. IMCD has worked on
supply chain excellence and emission reductions for several years, and
is committed to cutting its CO2 emissions by at least 20%. IMCD Group is the first distributor to be
awarded the prestigious Lean & Green award, part of the innovation
program Sustainable Logistics by Connekt, an independent network of
companies and authorities.
BioAmber is a leading supplier of bio-based succinic acid. BioAmber
currently supplies Bio-SATM from a production facility in Pomacle, France and plans to expand
capacity in 2014 with a 30,000 MT capacity plant in Sarnia, Canada.
Made from renewable feedstock, Bio-SATM has a more favorable carbon footprint (field to gate) than petroleum
succinic acid and is one of the few bio-based chemicals currently
available at a commercial scale. In resins and coatings applications,
BioAmber Bio-SATM enables formulation flexibility and the opportunity to develop tailored
properties that offer performance in more sustainable solutions.
"We are delighted to partner with Bio-Amber for this leading and
exciting new generation product," said Michèle Bouchard, Business Group
Industrial Synthesis Director at IMCD Group. "Bio-SATM further strengthens IMCD's offering in the renewable resources based
chemistry for production of more sustainable polymers. We are
currently experiencing a growing demand for sustainable products and we
believe BioAmber Bio-SATM will help us meet this growing demand," she added.
"We believe IMCD's strong market access, logistics, technical expertise
and application development capability will help accelerate our Bio-SATM sales in the European resins and coatings market. IMCD's commitment to
sustainability is aligned with BioAmber's renewable chemicals and we
are pleased to be working with them to meet the growing need for more
sustainable resins and coatings in Europe," said Babette Pettersen,
BioAmber's Chief Commercial Officer.
About BioAmber Inc.
BioAmber is a sustainable chemicals company. Its proprietary technology
platform combines industrial biotechnology and chemical catalysis to
convert renewable feedstock into chemicals for use in a wide variety of
everyday products including plastics, resins, food additives and
personal care products. For more information about BioAmber visit www.bio-amber.com
About IMCD Group.
With a passion for excellence, extensive industry knowledge and a
commitment to creating value through expertise, IMCD is a market-leader
in the sales, marketing and distribution of speciality chemicals and
food ingredients. Its dedicated local experts provide market-focused
solutions across Europe, Africa and Asia-Pacific, with business units
offering a range of comprehensive product portfolios, including
innovative formulations that embrace industry trends. Currently
turning over €1.4 billion, IMCD has built a dedicated team of 1250
technical and commercial experts that work in close partnership to
tailor best in class solutions for customers and producers across 39
To find out more about IMCD Group, please visit www.imcdgroup.com
This press release contains forward-looking statements, which are
subject to substantial risks, uncertainties and assumptions. These
statements often include words such as "believe," "expect,"
"anticipate," "intend," "plan," "estimate," "seek," "will," "may" or
similar expressions. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we cannot
guarantee that the events and circumstances reflected in the
forward-looking statements will be achieved or occur and the timing of
events and circumstances and actual results could differ materially
from those projected in the forward- looking statements. Accordingly,
you should not place undue reliance on these forward-looking
statements. All such statements speak only as of the date made, and we
undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
SOURCE: BioAmber Inc.
For further information:
IMCD Corporate Communications Contact :
T: +31 10 290 86 22
BioAmber Investor Contact
The Trout Group, LLC
740 Broadway, 9th Floor
New York, NY 10003
Tel: + 1 (646) 378-2947