BioAmber Inc. Announces Biobased Succinic Acid Plant in Ontario, Canada

August 29, 2011
Minneapolis, MN August 29, 2011 – BioAmber Inc., through its subsidiary Bluewater Biochemicals has selected Sarnia, Ontario, Canada as the location for its first North American biosuccinic acid plant. The Sarnia plant will have an initial capacity of 17,000 MT and will be commissioned in 2013. Permitting work for the plant was initiated in June 2011. BioAmber Inc. currently produces and sells biobased succinic acid at a 3,000 MT capacity plant in France.
Succinic acid is a renewable, non‐toxic specialty chemical that can be further modified to make a  wide range of products including automotive parts, biodegradable coffee cup lids and disposable cutlery, spandex, shoe soles, ingredients for food, flavors and fragrances, cosmetics, construction materials, phthalate‐free plasticizers, engine coolants, salts that melt ice and snow and plastics used in various durable goods.  BioAmber Inc. plans to double capacity in Sarnia by 2014 through the  introduction of a next‐generation yeast being developed with Cargill.  BioAmber Inc. also plans to produce  1,4‐Butanediol (BDO) on the site, using technology exclusively licensed from DuPont that converts  succinic acid to BDO, a chemical with a $4 billion existing market. The goal is for the Sarnia plant to produce 35,000 MT of biosuccinic and 23,000 MT of biobased BDO at its peak.

Ontario and Canadian ministries and agencies recognized BioAmber Inc.’s market leading succinic acid  technology, providing the company with CAD $35 million in grants and loans to locate in Sarnia.  Support was secured from the Ontario Ministry for Economic Development and Trade (MEDT), Sustainable Development Technology Canada (SDTC) and the Canadian Sustainable Chemistry Alliance. The  plant’s  first phase will spur substantial regional economic growth, generating 150 construction jobs and 40 full time jobs. Additional jobs are expected as capacity is increased and BDO production comes online, and as investments are made in additional manufacturing that can transform locally produced biosuccinic acid into value added products.

“Sarnia has tremendous potential as a sustainable chemistry cluster.  The unique combination of chemical infrastructure, skilled labor, educational facilities, competitive transportation costs and  proximity to some of Canada’s richest agricultural land makes Sarnia an excellent choice,” said  Mike Hartmann, Executive  VP  of  BioAmber Inc. “These  provincial  and  federal  programs  have  put Ontario and Canada at the forefront  of  sustainable  development  and in  strong  position  to  compete globally for foreign investment by renewable chemical and material companies. These  programs were instrumental in BioAmber Inc.’s decision to invest in Ontario,” he added.

About BioAmber Inc.  
BioAmber Inc., a renewable chemistry company, is the market leader in the development and commercialization of biobased succinic acid and derivatives including modified PBS, a biodegradable plastic offering better heat resistance and process ability than other biopolymers. BioAmber Inc. operates the world’s only dedicated biobased succinic acid plant and has partnerships  with market leaders including Cargill, DuPont Applied Biosciences, Mitsui & Co. and Mitsubishi Chemical. BioAmber Inc. 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.

Media Contact 
Kathryn Sheridan
Sustainability Consult
Phone: 202 470 3239 (US) / +32 496 116198 (Europe)

Investor Relations
Mike Hartmann
Executive Vice President
Phone: 514 844 8000 extension 120  
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