LANXESS strengthens commitment to renewable raw materials with investment in BioAmber
Companies have developed phthalate-free plasticizers from bio-based succinic acid
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.
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