BDO TAKE-OR-PAY CONTRACT SIGNED BETWEEN BIOAMBER AND VINMAR

Bioamber has signed a contract for planned BDO plant for 15 years to sell the 10,000 ton output from the plant. This agreement has been signed between BioAmber and Vinmar and the partnership is based upon the process of BDO technology and its economical impact.  Along with the Sarnia plant, the agreement utilizes commercial foundation. The financing of BDO facility will be facilitated by the equity participation and off take obligation by Vinmar.  Read full story about the deal here –  http://www.mediawebsite.net/kgo/story/?catSetID=7012&catID=291972&nrid=241530281&page=1

This industrial sensation is engaged in production of sustainable chemicals; the company declared that it has signed a take or pay contract with Vinmar international under terms of 15 years master off take agreement.  On other hand, Vinmar is now committed to shop 100 percent of the BDO production planned by BioAmber, of the plant which is being planned to be set u pin North America. Both of the partners will invest in establishment and development of the plant.

BDO which is being used for building block chemical for engineering plastics in automotive industry, polyurethanes and biodegradable components will be combined with succinic acid technology and catalyst method by BioAmber for a cost effective production. According to the commissioning, financing and construction agreement plans, Vinmar will purchase all the BDO produced for next 15 years in the plant.