news INDustrY bIoAmber gets feD help to buIlD bIo-Chem plANt BioAmber Sarnia’s new bio-based succinic acid plant, the first commercial scale production plant of its kind, will receive a $12-million investment from the federal government to support its construction in Sarnia. The plant is expected to create 150 construction jobs and 60 permanent jobs once the plant is operational at the end of 2014. BioAmber Sarnia is a joint venture between BioAmber Inc. (70 per cent), and Mitsui & Co. (30 per cent), one of Japan’s largest trading houses. BioAmber has partnerships with several market leaders, including Cargill, DuPont Applied Biosciences, Mitsui & Co. and Mitsubishi Chemical. Succinic acid is a chemical used in the manufacturing process of many everyday products, such as plastics, cosmetics, automotive parts and construction materials. BioAmber has developed a proprietary process to produce bio-succinic acid sustainably from renewable feedstocks instead of petroleum. “We are grateful for the support given by FedDev Ontario to BioAmber Sarnia to build a commercial scale bio-based succinic acid plant and in helping develop a new bio-based chemical cluster in Sarnia,” said Jean-François Huc, president and CEO, BioAmber. “This initial 30,000-tonne capacity plant is an important step in changing the way the world makes products that historically have only been made through the traditional petrochemical route.” tembeC seCures fuNDINg for CogeN proJeCt Tembec has secured an additional $27.8-million loan to fund a portion of the Temiscaming, Que., specialty cellulose cogen project. Tembec has entered into an additional loan in the amount of $17.8 million with Investissement Québec and has entered into an amended and restated credit agreement with Integrated Private Debt Fund III LP, as Agent for the project’s senior lenders, increasing its credit facility by $10 million. This additional $27.8 million in loans increases the total project financing to $132.8 million, with IQ now committed to $92.8 million of the financing and IPD committed to $40 million. The completion of the boiler portion of the project is scheduled for April 2014 and the startup of the turbine should occur in September 2014. BIOMASS SOLUTIONS TO POWER TOMORROW ProcessBarron has 30 years of experience designing and fabricating biomass fuel, air & ash handling systems. ProcessBarron has the know-how to get the most out of your biomass systems. See How We Helped a Plant Go Green www.processbarron.com/biomass (888) 663-2028 6 Canadian BIOMASS september/oCtober 2013
Canadian Biomass September/October 2013: Page 6
