High production costs associated with petroleum-based succinic acid are a key challenge for industry participants, which leads to enhanced focus on the development and commercialization of bio-based succinic acid.
Specialty chemicals company Elevance Renewable Sciences Inc., Woodridge, IL, has authorized the next stage of its second world-scale biorefinery in Natchez, MS, in order to expand production of its Inherent™ renewable building blocks.
A new report by research firm MarketsandMarkets predicts that the renewable chemicals market will grow from an estimated $57.5 billion in 2012 to $83.4 billion by 2018, with a CAGR of 7.7 percent from 2013 to 2018.
At its Capital Markets Day in Amsterdam on June 19, CSM presented its new company name, Corbion, and its new growth strategy for the period 2013 to 2016.
Myriant Corp., a global renewable chemicals company headquartered in Quincy, MA, announced the successful start-up at its flagship bio-succinic acid plant located in Lake Providence, LA.
BioAmber Inc. and IMCD Group announced a new distribution agreement in which IMCD will distribute BioAmber’s biobased succinic acid (Bio-SATM) in the Benelux, France, Iberia, Germany, Poland, Southeast Europe, Switzerland, and the United Kingdom and Ireland.
