Sustainable solutions to resource supply chain management will be necessary as the era of low-cost oil comes to an end. As a next-generation chemicals company, BioAmber (BIOA) utilizes a proprietary technology platform that combines industrial biotechnology and chemical catalysis in order to convert renewable feedstocks into sustainable chemicals. These products are intentioned to be replacements with petroleum-derived chemicals and are expected to be cost-competitive.
BioAmber intends to replace petroleum-based succinic acid in applications where it is currently in use. It is expected that if biobased succinic acid is able to be produced cheaper than its counterpart, then it will enable the demand for the chemical precursor to significantly increase the size of the market itself. Right now,...
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