MONTREAL - BioAmber Inc. announced operational and financial results for the three months and year ended December 31, 2016.
The company reported that 2016 sales of bio-succinic acid were $8.3 million, an increase of 281% over the previous year. Over 200 companies globally have now tested and qualified the bio-succinic acid produced at the company’s Sarnia facility. Additionally, operations have shown greater consistency with both variable and fixed costs remaining on target, and off-specifications product below 5% in the fourth quarter.