February 19, 2014 14:13 ET
SARNIA, ONTARIO--(Marketwired - Feb. 19, 2014) - Agriculture and Agri-Food Canada
Agriculture Minister Gerry Ritz today announced a significant repayable investment by the Government of Canada in BioAmber Sarnia, to help the industry leader build the world's largest commercial plant to produce bio-based succinic acid.
Succinic acid is a key chemical used by a wide variety of manufacturing industries.
This Government investment will help to generate jobs and enhance the bottom line of corn farmers by supporting the commercialization of an innovative manufacturing process that uses corn-derived feedstock to produce succinic acid. This process replaces the conventional petrochemical method of producing the acid, and is carbon neutral.
"Our government remains focused on creating new opportunities for Canadian farmers and businesses to grow and prosper. This innovative project will help enhance the bottom line of producers by using a corn derivative as agricultural feedstock while generating jobs in the Sarnia area."
Agriculture Minister Gerry Ritz
"BioAmber Sarnia's products benefit the environment, our customers, employees and the community. We appreciate Agriculture Canada's support as we build the world's largest commercial scale, bio-based succinic acid plant. It will extend markets internationally for local farmers, consume less energy, have a carbon neutral manufacturing footprint and still be very cost competitive compared to petroleum succinic acid."
Mike Hartmann, Executive Vice President BioAmber
Growing Forward 2
Jeff EnglishDirector of CommunicationsOffice of the Honourable Gerry Ritz613-773-1059Media RelationsAgriculture and Agri-Food Canada613-773-79721-866-345-7972Follow us on Twitter: @AAFC_Canada
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