Infignos Media -- buyersUSA Consulting
NOW PLAYING
15 Radio Streams
Click Here
Mom's Old Fashioned Mustard
Advertise Here

From Banking and Financial Services - Financial Markets

Brought to you by Sunny King Honda

Come in for special pricing and financing. Special APR as low as 0.9%. 2580 US Highway 78 East, Anniston. 256-343-4216. www.SunnyKingHonda.com.

Bladder Control

LANXESS strengthens commitment to renewable raw materials with investment in BioAmber

Wed, 22 Feb 2012 13:40:03 EST

Leverkusen - LANXESS is strengthening its commitment to renewable raw materials by investing USD 10 million in U.S. company BioAmber, Inc., based in Minneapolis, Minnesota, U.S., as part of a private placement.

BioAmber is a global leader in succinic acid produced from renewable resources such as corn. Together, the two companies have developed plasticizers, whose cost-effectiveness and safety profile make them sustainable alternatives to phthalate-containing formulations. Market entry is expected later this year. In addition, both companies are in talks to extend their partnership into further product areas in the future.

As part of the investment, LANXESS has received a minority shareholding in BioAmber and a seat on the Board of Directors, which will be filled by Jorge Nogueira, head of LANXESS' Functional Chemicals business unit that manufactures phthalate-free plasticizers. BioAmber was founded in October 2008 and has 40 full-time employees.

BioAmber produces succinic acid through the fermentation of renewable raw materials. The process developed by BioAmber consumes considerably less energy than the production of succinic acid using fossil fuels, is significantly more cost-effective and has a better carbon footprint. In the future, the company plans to use waste from the agriculture industry and sugarcane processing as starting materials.

'Our investment in BioAmber shows our commitment to launching a new generation of plasticizers that meet regulatory requirements and can also score in terms of sustainability,' said LANXESS' Nogueira.

'We are pleased to have LANXESS as a strategic investor alongside Naxos, Sofinnova, Mitsui & Co. Ltd. and Cliffton,' said Jean-Francois Huc, BioAmber's CEO. 'BioAmber is fortunate to have a strong, committed group of investors and we welcome Jorge Nogueira, a dynamic and experienced chemical industry executive, to our board'.

Phthalate-free plasticizers gaining importance

As a global leader in the field of phthalate-free plasticizers, LANXESS has large production capacities, expertise in production and a global distribution network. Its key products include Mesamoll, Adimoll, Ultramoll, Unimoll and Uniplex. Through the acquisition of the UNITEX Chemical Corporation based in Greensboro, North Carolina, LANXESS also now has access to an additional capacity of 50,000 metric tons per year, plus an extensive portfolio of phthalate-free plasticizers such as benzoates, citrates and sulfonamides.

BioAmber manufactures bio-based succinic acid in Pomacle, France, at a plant with 3,000 metric tons of capacity per year. BioAmber plans to add a further 17,000 metric tons of capacity from 2013 with a new world-scale manufacturing facility to be built in Sarnia, Ontario, Canada, at LANXESS' site there. Both companies are preparing agreements for LANXESS to provide BioAmber with the land as well as the utilities and services needed to operate the facility.

The global market for phthalate-free plasticizers is currently estimated at EUR 1.3 billion – with annual growth rates of around seven percent. As a result of regulatory developments, demand for phthalate-free plasticizers is growing in markets such as North America, Western Europe and Japan. An increase in demand is also being observed in global growth markets such as Latin America. Authorities are increasingly restricting the use of phthalate-containing plasticizers for consumer goods such as toys, food packaging and cables.

Bio-sourcing initiatives

LANXESS is strongly committed to using renewable raw materials to produce premium synthetic rubbers. At the end of 2011, LANXESS produced the world's first bio-based EPDM rubber in Brazil. The Brazilian company Braskem supplies the raw material ethylene derived from sugarcane. The rubber is marketed under the name Keltan Eco.

In addition, LANXESS has invested in U.S. biofuel and biochemical manufacturer Gevo, Inc., which produces isobutanol from renewable resources such as corn. LANXESS plans to convert the isobutanol to isobutene, a key raw material for the manufacture of butyl rubber.


LANXESS is a leading specialty chemicals company with sales of EUR 7.1 billion in 2010 and currently around 16,100 employees in 30 countries. The company is at present represented at 47 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. LANXESS is a member of the leading sustainable indices Dow Jones Sustainability Index (DJSI) World and FTSE4Good.

BioAmber is a next generation chemicals company. Its proprietary technology platform combines industrial biotechnology, an innovative purification process and chemical catalysis to convert renewable feedstocks into chemicals for use in a wide variety of everyday products including plastics, food additives and personal care products. BioAmber produces bio-succinic acid in what it believes to be one of the world's largest bio-based chemical manufacturing facilities. For more information visit the company's web site at www.bio-amber.com.


Source: WebWire



From Our Blogs

New Ways to Volunteer in Your Community and Beyond

There are a variety of new ways you can make an impact in your community.

Ways to Keep Your Community Safer

As an average citizen, there are several steps you can take to make your community safer.

Tips to Make Playtime Educational and Fun

Playtime should be fun and educational.

How to Turn Personal Obstacles into Triumphs

Young is offering insights into how to turn your impediments into assets.


Sign up for our weekly newsletter.

Our Website Sponsors

Batteries Unlimited

Your local source for just about every battery you can imagine. Call us first at 256-238-9005.

Doc's Furniture

Good used furniture,antiques & collectibles. Located on the corner of Hwy 202 & 300 1st Ave. W. (Anniston) Open Mon-Sat 9-5. Call 256-310-8223

Sunny King Ford

We offer new Ford cars, trucks, SUVs and crossovers online at www.sunnykingford.com. Call 256-831-5300.

Valley Heating and Cooling

It's hard to stop a Trane. Your local heating and cooling company. Located in Saks at 521 Post Oak Road. Call us at 256-820-3369.

Sunny King Toyota

Sunny King Toyota has received almost as many accolades as our Toyotas,including more than 25 prestigious industry awards from Toyota and Southeast Toyota. Stop by to see how all of this can benefit you! 2570 US Hwy 78 E, Anniston.1-800-365-3001