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Dec 19, 2016PARTNERSHIPChina, China

BioAmber and CJ CheilJedang plan joint venture for bio-succinic acid in China

BioAmber signed a non-binding letter of intent with CJ CheilJedang to form a joint venture in China to produce up to 36,000 metric tons of bio-succinic acid annually. Production would begin in Q1 2018 by retrofitting an existing CJCJ fermentation facility.

Status

Announced

Capacity

36000 metric tons per year

Productsbio-succinic acid

CompaniesBioAmber partner CJ CheilJedang partner

Sectors#Specialty Chemicals

“The goal is to competitively produce bio-succinic acid in China and quickly penetrate the world's largest succinic acid market”newswire.ca

1 source
newswire.caBioAmber and CJ CheilJedang Plan JV for Succinic Acid Production in AsiaBioAmber Inc.Dec 19, 2016

Summarized from public sources; check the original articles before acting on it.

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