BioAmber Wins ICIS Innovation Award for Best Business Innovation
BioAmber becomes only the second company to have won the prestigious ICIS Innovation and the EPA Presidential Green Chemistry Challenge awards in the same year. Dow was the first company to accomplish the feat in 2008, when Dow Chemical won an ICIS Innovation Award and Dow AgroSciences won an EPA Presidential Green Chemistry Challenge Award.
The ICIS Innovation Award for Best Business Innovation, voted by a panel of judges from DSM, Dow Corning, NNFCC, CRA International and New Scientist, highlights innovation in the way chemical companies do business. The panel recognized BioAmber's use of open innovation and industrial biotechnology to bring to market a sustainable, cost effective technology that produces a range of C4 chemicals including succinic acid and 1,4-butanediol.
"We thank the ICIS Innovation judges for recognizing BioAmber's use of open innovation, which has helped us to accelerate the development and commercialization of a robust platform chemical. Our success demonstrates that open innovation is not just for large companies and that renewable chemistry has matured to the point of being a real option for the chemical industry," said Jean-Francois Huc, CEO of BioAmber.
Most read news
Other news from the department business & finance
Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.