MINNEAPOLIS, MN, and READING, PA, June 4, 2013 /CNW Telbec/ - BioAmber has partnered with Brenntag in the Americas for distribution of its Bio-SATM bio-based succinic acid and derivatives, including bio-based 1, 4-butanediol (BDO).
Brenntag is the leading distributor in the Americas, servicing the chemicals market with the broadest product portfolio in the industry and covering the full range of markets for BioAmber's renewable chemicals. Within these markets, Brenntag offers a complete line of industrial and specialty chemicals and a broad array of services. Its local focus and global presence provide BioAmber with access to customers and markets across the Americas, while extending Brenntag's product offerings to include BioAmber's portfolio of sustainable, bio-based solutions.
BioAmber is a leader in bio-based succinic acid and derivatives, including bio 1,4-butanediol, and is currently supplying commercial Bio-SATM from a European production facility. Given growing market demand for its bio-based chemicals, BioAmber is going to expand capacity in 2014 in Sarnia, Canada with a 30,000 MT plant to serve the North American and other markets. Brenntag is an important partner for market access, logistics, technical expertise and application development, which will help accelerate the commercial development of BioAmber's Bio-SATM and derivatives.
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. BioAmber Bio-SATM can serve as a building block chemical for use in a range of applications including polyurethanes, unsaturated polyesters, coating resins, flavors, lubricants, plasticizers, deicers and solvents.
Michael DelliCompagni, Director of Sales and Sourcing, Brenntag says, "Our partnership with BioAmber, the leader in bio-succinic acid and derivatives including 1,4-butanediol, gives Brenntag the opportunity to better serve our customer base in key markets including food, pharmaceuticals, ACES, personal care and HI&I. Being a platform chemical, BioAmber's bio-succinic acid offers a wide variety of applications in everyday products. There is also a tremendous amount of work being done around new applications across multiple markets. Many customers are looking for price stability and recognize the value of bio-based products. Bio-succinic acid and bio-based BDO will help Brenntag to fulfill our customers' needs."
"Brenntag is the global leader in chemical distribution, and we are confident that its broad market reach, technical expertise and logistic capabilities will accelerate our commercial success in the Americas. Brenntag's broad market access helps BioAmber to strengthen its leadership position in one of the fastest growing bio-chemical markets," states Babette Pettersen, BioAmber's Chief Commercial Officer.
Brenntag is the global market leader in full-line chemical distribution. Linking chemical manufacturers and chemical users, Brenntag provides business-to-business distribution solutions for industrial and specialty chemicals globally. With over 10,000 products and a world-class supplier base, Brenntag offers one-stop-shop solutions to more than 170,000 customers. The value-added services include just-in-time delivery, product mixing, formulation, repackaging, inventory management, drum return handling as well as extensive technical support. Headquartered in Mülheim an der Ruhr, Germany, the company operates a global network with more than 450 locations in more than 70 countries. In 2012 the company realized global sales of EUR 9.7 billion (USD 12.5 billion) with nearly 13,000 employees. For more information, visit www.brenntag.com.
About BioAmber Inc.
BioAmber is a renewable 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 visit www.bio-amber.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 CANADA INC.
For further information:
Marketing & Planning Manager
Tel: +1 610 916 3858
Director of Sales and Sourcing
Tel: +1 610 916 3855
VP Business Development, Americas
Tel: +1 708 625 4488
The Trout Group, LLC
Tel: + 1 (646) 378-2947