Bio-Succinic Acid Contract Signed Between PTT-MCC and Bioamber

BioAmber is joining hand with PTT-MCC Biochem for its first succinic acid take or pay contract; in 2011, this collaboration was formed between PTT Public Company Limited of Thailand and Mitsubishi Chemical Corporation. Establishment of PTT-MCC for formation of development of PBS (Polybutylene Succinate), this is a biodegradable plastic developed with butanediol and succinic acid. Currently, this company is developing its first PBS plant in Rayong, Thailand. According to the expectation, the PBS plant will be ready for operations till 2015; it will consume about 14 ktpa of succinic acid while its capacity will be of 20 ktpa. On other hand, BioAmber is planning to start up its 30 ktpa bio succinic acid plant in Canada, Sarnia and Ontario. Read more about the deal here - http://greenchemicalsblog.com/2014/05/19/ptt-mcc-signs-bio-succinic-acid-contract-with-bioamber/

Analysis of the current PBS market from the aspect of Tecnon OrbiChem, the current PBS manufacturers shows that many challenges are there in the market nowadays. As per the BioAmber’s recent report, engineering for the plant is about to complete and 95 percent of all equipments has been ordered for timely delivery. The Sarnia project is going well from schedule and budget point of view. In this way, BioAmber will be able to supply minimum of 80 percent (11.2 ktpa) of biosuccinic acid required by PTT-MCC; this will be possible after commissioning of PTT-MCC’s PBS plant and Sarnia biosuccinic acid plant.