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BioAmber Inc. Wins BIOTECanada’s Gold Leaf Award for Early Stage Company of the Year

May 16, 2012
May 16, 2012 (SARNIA) Industry excellence is being celebrated as BioAmber Inc. moves steadily toward construction of their full scale, commercial facility in Sarnia, Ontario. BioAmber Inc. has been named as an industry leader winning BIOTECanada’s Gold Leaf Award Early Stage Company of the Year for Industrial Biotechnology. BioAmber Inc. is a highly innovative company on the cusp of commercializing intermediate green chemicals.

We congratulate BioAmber Inc. with this company of the year award. The leadership at BioAmber Inc. has distinguished themselves from their peers with demonstrated technology innovation,” commented Brad Thompson, Chair BIOTECanada. “The market opportunities ahead for the company are significant as they embark on supporting the sustainability of industries across various sectors.

The incredible proprietary platform BioAmber Inc. has developed is a means to produce costcompetitive, chemically identical replacements for petroleum-derived chemicals with large, global markets. Succinic acid can be used to manufacture a wide variety of products used every day, including plastics, food additives and personal care products.

The recognition from BIOTECanada is very gratifying for all of us at BioAmber Inc. We are thrilled to bring our proprietary technology to Canada,” said Jean Francois Huc, President and CEO of BioAmber Inc. “The BioAmber Sarnia plant will create forty renewable chemistry jobs in the growing Sarnia Lambton cluster. BioAmber’s products provide a sustainable and costcompetitive bio-alternative to petrochemicals.

BioAmber Inc. is a next generation chemicals company. Its proprietary technology platform combines industrial biotechnology, an innovative purification process and chemical catalysis to convert renewable feedstocks into chemicals for use in a wide variety of everyday products including plastics, food additives and personal care products. BioAmber Inc. produces biosuccinic acid in what it believes to be one of the world’s largest bio-based chemical manufacturing facilities. For more information visit the company’s web site at www.bioamber.com.

Contact:
Nadine Lunt
Senior Manager, Communications
BIOTECanada
613-230-5585 x257

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