BioAmber licenses technology CELEXION biobased adipic acid

BioAmber licenses technology to CELEXION for biobased adipic acid

12:25 PM, 17th June 2011
BioAmber licenses technology to CELEXION for biobased adipic acid

 

MINNEAPOLIS, US: BioAmber has signed an exclusive licensing agreement with CELEXION LLC for technology related to the production of adipic acid and other chemical intermediates. The current market for adipic acid is close to 3 million tons per year, worth approximately $ 8 billion at current market prices.

Over the past year, BioAmber has successfully applied its breakthrough succinic acid purification process to adipic acid. Through the licensing deal with CELEXION, BioAmber will leverage its succinic know-how, infrastructure, partnerships and customer base to accelerate the development of biobased adipic acid. BioAmber has also established a state of the art research and development facility in Plymouth, Minnesota with capabilities in molecular biology, fermentation and analytical chemistry to support its adipic acid programme.

“CELEXION’s technology is a perfect fit for the leadership we have developed in commercializing biobased succinic acid. It’s highly attractive metabolic pathway, coupled with our novel purification process and scale-up capabilities, gives us a clear path to biobased adipic acid that, like our biobased succinic, is lower cost and has a better environmental footprint than the current petroleum route,” said Jean-Francois Huc, CEO, BioAmber.

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