BioAmber Inc. and Lanxess AG (LXS.F) Partner for Renewable, Phthalate-free Plasticizers
10/20/2011 12:59:03 PM
MINNEAPOLIS, MN, Oct. 20, 2011 /PRNewswire/ - LANXESS, a global leader
in phthalate-free plasticizers and BioAmber, a leader in sustainable
chemistry, have partnered to develop succinic acid based plasticizers
that are both renewable and phthalate-free. Under the terms of their
joint development agreement, LANXESS and BioAmber are developing a
portfolio of renewable succinic-based plasticizers that can exceed the
performance of phthalates at competitive prices.
The partnership leverages both companies' strengths: LANXESS has a
global commercial network that sells innovative, phthalate-free
plasticizers including MESAMOLL®, ADIMOLL®, ULTRAMOLL® and UNIMOLL®.
LANXESS also has plasticizer manufacturing expertise and capacity.
BioAmber produces and sells biobased succinic acid in a 3,000 MT
capacity plant in France and expects to bring on an additional 17,000
MT of succinic acid capacity in 2013 at a new facility in Sarnia,
Canada, located on a site within LANXESS' Bio-industrial Park.
BioAmber and LANXESS have been working together for over 2 years
assessing the performance and opportunities of succinate based esters
in the plasticizer market. Based on the results seen to date, LANXESS
and BioAmber believe that succinic acid based plasticizers can deliver
the sustainability, performance and safety that the global plasticizer
market is seeking. Samples are now available and the companies expect
to begin commercialization in 2012.
"LANXESS systematically seeks advanced technologies to enhance the value
of its offering. BioAmber's biobased succinic acid is a unique
opportunity to develop a new generation of plasticizers combining full
regulatory compliance with superior environmental background," said
Jorge Nogueira, Senior Vice President Business Unit Functional
"Our partnership with LANXESS will accelerate penetration of the global
plasticizer market and secure a first mover advantage for both
companies. BioAmber's succinic acid offers a safe, sustainable
alternative to phthalates and our additional plants in Sarnia and
Thailand will ensure our customers have reliable, competitive supply,"
said Jean-Francois Huc, CEO of BioAmber.
LANXESS is a leading specialty chemicals company with sales of EUR 7.1
billion in 2010 and currently around 15,800 employees in 30 countries.
The company is at present represented at 46 production sites worldwide.
The core business of LANXESS is the development, manufacturing and
marketing of plastics, rubber, intermediates and specialty chemicals.
LANXESS is a member of the leading sustainable indices Dow Jones
Sustainability Index (DJSI) World and FTSE4Good.
About BioAmber, Inc.
BioAmber, a renewable chemistry company, is a market leader in the
development and commercialization of biobased succinic acid and
derivatives including 1,4 butanediol and modified PBS, a biodegradable
plastic offering better heat resistance and processability than other
biopolymers. BioAmber operates the world's first dedicated biobased
succinic acid plant and has partnerships with Cargill, DuPont Applied
Biosciences, LANXESS, Mitsubishi Chemical, Mitsui & Co. and PTTMCC
Biochem. BioAmber is also leveraging its succinic acid experience and
know-how to develop a biobased adipic acid platform. The company has
offices and research labs in Minneapolis, MN, an office in Montreal, a
sales office in Shanghai, China and a production plant in Pomacle,
France. For more information, see www.bio-amber.com.
SOURCE BIOAMBER INC.