BioAmber gets $7M funding for bio-succinic acid plant in Ontario

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    BioAmber Sarnia Inc., a subsidiary of industrial biotechnology firm BioAmber Inc., has received a C$7 million grant from Sustainable Development Technology Canada (SDTC) for the construction of a bio-succinic acid plant in Sarnia, Ontario.

    In total, the bio-succinic acid plant will cost C$135 million. This grant comes in addition to the $7.5 million grant that SDTC provided to BioAmber Sarnia in 2012.

    BioAmber expanded the scope of the Sarnia plant, nearly doubling the production capacity from 17,000 metric tons to 30,000 metric tons per year, and increased the number of jobs that will be created.

    The Sarnia plant, which is expected to be completed in early 2015, is deemed to be the world’s largest succinic acid production facility.

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