November 17, 2015 - BioAmber Inc., a leader in renewable materials, has recruited Mario Saucier to serve as its chief financial officer (CFO), effective January 4, 2016. Andrew Ashworth, who came out of retirement in July 2015 to act as CFO on an interim basis, will leave BioAmber at the end of January 2016.
November 13, 2015 - The renewable attributes of nanocellulose will promote its increased adoption, concludes a new report from Transparency Market Research. According to Transparency’s nancellulose market report, the global nanocellulose market was valued at US$54.9 million in 2014 and is anticipated to reach US$699.6 million in 2023, expanding at a CAGR of 33.8 per cent between 2015 and 2023.
November 5, 2015 - BioAmber Inc. third quarter financial release included important production milestones met at its commercial-scale bio-succinic acid plant in Sarnia.
November 3, 2015 - FPInnovations and Naturex announced their strategic partnership to develop active molecules derived from Canadian forest biomass for food industry and cosmetics applications.
October 28, 2015 - Enerlab 2000 will receive an investment of $500,000 over four years to pursue the development of iso-lignin, a biopolymer based on lignin.
October 28, 2015 - The Algae Biomass Organization (ABO), the trade association for the algae industry, announced today that the 10th Annual Algae Biomass Summit will take place from October 23 to 27, 2016 at the Renaissance Glendale Phoenix Hotel & Spa in Phoenix, Ariz.
October 23, 2015 - Stora Enso's Sunila mill employees are now running the Valmet-supplied LignoBoost lignin separation plant.
October 14, 2015 - The grand opening of the BioAmber bio-succinic acid facility in Sarnia, Ont. was an important benchmark for Canada’s biochemical and biorefining industry.The company, which chose Sarnia over approximately 100 other sites throughout North America, created the largest succinic acid production plant in the world.What made the proposed project so solid in the beginning was the fact that it was a rare business opportunity where a bio-based version of a chemical was actually cheaper to build than the petroleum-based version.But that was when oil was around $100 per barrel and gas prices in the Greater Toronto Area hovered around the $1.40/litre mark. Now oil sits in the $45 per barrel range and gas near $1.00/litre. Certainly, the business model for BioAmber has seen some wild fluctuations since the project got off the ground just a few years ago.Granted, all businesses have been impacted in one way or another by the volatility in the oil and gas sector. But when a project that costs over $140 million to build is reliant on a model that has oil prices at or near the peak conditions of a few years ago, the impact is even greater.It would have been easy for BioAmber to pack its bags and shutter the project until the oil and gas market once again settles in at a higher price point. But they didn’t. They kept building, and that deserves our recognition.BioAmber has forged ahead and, in August of this year, officially opened its bio-succinic acid facility. The acid, which is transported in a crystalline form, is used as a building block chemical with applications in the making of plastics, automotive parts, electronics and lubricants just to name a few. The bio-production of the product is based on fermentation technology and, at the end of the day, is arguably a better quality succinic than its petroleum-based counterpart.Then there is the environmental impact to take into account. According to information provided by the company, the production of bio-succinic acid versus petroleum-based succinic acid, at the capacity volume that BioAmber will produce in Sarnia, produces 210,000 tons less greenhouse gas emissions or the equivalent of taking 45,000 cars off the road.On the business side, the company had already established take-or-pay contracts for over 50 per cent of its production, and additional supply agreements will cover the majority of the outstanding production volumes.The BioAmber model, from the financial structure utilizing government funding to the establishment of a solid customer base before the first crystal of acid is produced, has become the example for other biochemical and biorefining operations to follow. Companies in Canada looking to commercialize their products at a national or global scale now have the example they need to build a successful gameplan for moving forward with expanded operations. BioAmber has done the legwork on this one, and now others can, in theory, follow their lead.
October 9, 2015 - There are many first-of-their-kind technologies being implemented by the Canadian forest products industry on its journey to transformation. And with that technological leadership comes a certain element of risk. Several Canadian bioproducts are flirting with commercial success, while others have not reached their expected potential.
September 24, 2015 - A group of researchers from Japan and France is being awarded the 2015 Marcus Wallenberg Prize for their development of an energy-efficient method to produce nanofibrillated cellulose. The prize-winners will receive their diploma from the hands of His Majesty the King of Sweden at a ceremony in Stockholm, Sweden, on Sept. 28, 2015.
September 16, 2015 - Alberta Innovates Bio Solutions (AI Bio) has launched a new funding program, "Alberta Bio Future, Research and Innovation," aimed at advancing knowledge that accelerates growth of new bioindustrial products or bioindustrial technologies for the benefit of Albertans.
August 6, 2015 - BioAmber Inc. announced the opening of its BioAmber Sarnia plant that was jointly built with Mitsui & Co., Ltd. at a construction cost of approximately US $141.5 million. The facility has the capacity to produce 30,000 tons of succinic acid annually.
July 30, 2015 - TerraVerdae BioWorks Inc, an industrial biotechnology company developing advanced bioplastics and performance biomaterials from environmentally sustainable sources, recently announced that it has reached a major milestone; creation of its proprietary technology at a commercial scale. It has completed the scale-up optimization of its process to produce biodegradable PHA bioplastics from waste-derived methanol.
July 16, 2015 - BioAmber Inc. announced that it will report financial results for the second quarter 2015 on Tuesday, August 4, 2015 after the close of the market. The company has scheduled a webcast and conference call for 4.30 pm ET (1.30 pm PT) to discuss the results.
June 17, 2015 - Agriculture Secretary Tom Vilsack announced the release of a new report that shows the U.S. biobased industry is generating substantial economic activity and American jobs. He also announced changes under the 2014 Farm Bill that will create additional opportunities for growth in renewable plant-based materials, supporting the Obama Administration's efforts to develop a new, rural economy and promote creation of sustainable jobs.
June 16, 2015 - Kruger announced at the PacWest conference that its cellulose filament product, FiloCell, is now being used as an additive in two commercial applications within the paper industry. Balazs Tolnai, general manager, technology, made the announcement as he brought participants up to date on the progress of this all-Canadian biomaterial.
June 9, 2015 - BioAmber Inc. announced today that construction of its 30,000 MT succinic acid plant in Sarnia, Ont., is substantially complete. Commissioning is progressing as planned and the plant is on schedule to begin commercial operations in Q3 2015.
May 19, 2015 - Canadian pulp and paper mills have some of the most stringent effluent regulations in the world and, as a consequence, discharge effluents that are of exceptional quality.
May 7, 2015 - BioAmber Inc., an industrial biotechnology company producing sustainable chemicals, recently announced its financial results for the quarter ending March 31, 2015.
April 24, 2015 - BioAmber Inc. has been chosen by Bayer MaterialScience as the supplier of bio-succinic acid used to produce a new range of innovative, bio-based polyurethanes for textile applications that Bayer MaterialScience has begun commercializing.
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