Comet Biorefining Signs Supply Agreement With BioAmber
LONDON, Ontario – Comet Biorefining Inc. has signed an off-take agreement with bio-succinic acid producer BioAmber for high-purity dextrose from Comet’s planned commercial plant in Sarnia, Ontario. The dextrose will be produced from agricultural residues using Comet’s technology.
The off-take agreement also includes provisions for Comet to supply dextrose to future BioAmber manufacturing facilities and provides BioAmber with certain exclusive rights in the fields of succinic acid, 1,4-butanediol (BDO) and tetrahydrofuran (THF). BioAmber provided an equity investment in Comet in 2015, and its CEO, Jean-Francois Huc, is now joining Comet’s board of directors.