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BioAmber releases update on Sarnia bio-succinic plant

November 7, 2014, Montreal, Qué. – BioAmber has provided an update on the construction of its bio-succinic acid plant as part of its third quarter 2014 financial results.


November 7, 2014
By Canadian Biomass

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November 7, 2014, Montreal, Qué. – BioAmber has provided an
update on the construction of its bio-succinic acid plant as part of its third
quarter 2014 financial results.

 

"Sarnia is in a phase of rapid progress and is
beginning its final sprint to mechanical completion.  We are seeing steady advancement with visible
change on a daily basis," said Jean-Francois Huc, BioAmber's Chief
Executive Officer. "The public offering completed in July strengthened our
balance sheet and enabled us to accelerate work on our next plant, including initial
engineering work, site screening and funding for the plant. In parallel, we
have continued to manage our corporate expenses carefully, and the Sarnia plant
remains on track to be mechanically complete in early 2015.”

 

The company has announced that detailed engineering of the
facility is now complete. All major pieces of process equipment have been
delivered, a majority of this equipment has been set in place, and the field
erection of the three fermenters is approximately 70% complete. The steel work
and equipment settings are nearing completion and the focus is shifting to
piping and electrical work, with approximately 200 workers on site daily.


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