NatureWorks and BioAmber make AmberWorks; Lanxess announces
As part of the investment, Lanxess has also received a minority shareholding stake in BioAmber and a seat on its Board of Directors, which will be filled by Jorge Nogueira, head of Lanxess' Functional Chemicals business unit that manufactures phthalate-free plasticizers. BioAmber was founded in October 2008 and has 40 full-time employees. Lanxess
Lanxess, BioAmber team for bio-based plasticizers - PlasticsToday
Lanxess, BioAmber team for bio-based plasticizers It has been a busy year for news of new non-phthalate plasticizer supply. The latest announcement comes from plastics and chemicals supplier Lanxess, which is working with BioAmber to develop plasticizers from bio-based succinic acid.
Evonik and BioAmber Partner on Catalysts for Sustainable
LANXESS expands portfolio with bio-based plasticizers. LANXESS is strengthening its commitment to renewable raw materials. The aims to produce phthalate-free plasticizers from bio-based succinic acid from 2012 onwards. Its strategic partner is the U.S. company BioAmber, Inc. Together, the two companies are developing plasticizers, whose cost-ef
BioAmber, Lanxess partner to develop biobased plasticizers
Applications for the burgeoning biobased succinic acid market are beginning to widen as Minneapolis-based BioAmber Inc. and German specialty chemicals company Lanxess have formed a strategic partnership to produce and market biosuccinic acid-based phthalate plasticizers that are renewable, petroleum-free replacements to conventional plasticizers.
Lanxess strengthens phthalate-free plasticizers portfolio
BioAmber has offices and research labs in Minneapolis, MN, USA, an office in Montreal, Canada, a sales office in Shanghai, China, and a production plant in Pomacle, France. The size of the global phthalate-free plasticizers market is currently estimated at 1.3 billion and is growing at 7% per year, driven largely by legislative initiatives
- Who owns BioAmber?
- BIOAMBER was established in December 2008 as DNP Green Technology, when the succinic acid assets were spun off from Diversified Natural Products. Following the spin off, the company’s shares were distributed to Diversified Natural Product’s shareholders, making BioAmber a standalone legal entity with no ties to Diversified Natural Products.
- When did BioAmber become a publicly traded company?
- BioAmber raised two additional rounds of capital in 2011 and 2012, with gross proceeds of $75 million, with Naxos Capital Partners and LANXESS Corporation becoming shareholders. In May 2013, BioAmber completed and Initial Public Offering on the New York Stock Exchange, under the symbol BIOA.
- What is BioAmber?
- BioAmber mission is to help accelerate sustainable change in the chemical industry. By looking to nature for inspiration, we make chemicals that benefit the environment, our customers, employees and communities for a more sustainable future. Thank you for reading Bioplastics News.
- What happened to BioAmber?
- Following the spin off, the company’s shares were distributed to Diversified Natural Product’s shareholders, making BioAmber a standalone legal entity with no ties to Diversified Natural Products. BioAmber filled for bankruptcy in May 2018.
- Does DNP Green Technology own BioAmber?
- In the fall of 2010, DNP Green Technology acquired 100% of the shares of its Bioamber joint venture from ARD.
- How much did BioAmber raise in 2013?
- In May 2013, BioAmber completed and Initial Public Offering on the New York Stock Exchange, under the symbol BIOA. The company raised $80 million in gross proceeds and issued warrants giving investors the right to purchase an additional $44 million of common shares.
