Bioamber and DuPont Applied BioSciences Announce Licensing Agreement on Derivatives of Biobased Succinic Acid

PRINCETON, NJ, July 8 /PRNewswire/ - Bioamber, a joint venture between DNP Green Technology and ARD, and DuPont Applied BioSciences, have announced a licensing agreement in the field of biobased derivatives of succinic acid. Under the terms of the agreement, Bioamber has licensed certain DuPont technology and DuPont has a right of first refusal to secure off-take from future commercial plants.

Bioamber, which recently commissioned the world's first biobased succinic acid plant, is actively developing technologies to transform biobased succinic acid into value-added derivative products. "DuPont's technology will accelerate our development program and shorten our time to market," stated Jean-Francois Huc, President of DNP Green. "Our agreement with DuPont Applied BioSciences will help ensure that we are first to market, and it could reduce the commercial risk associated with building large plants," he added.

DuPont Applied BioSciences is executing a rapid commercialization strategy for a diverse portfolio of high-performance, renewable products that address the needs of global markets in need of innovation. "We are committed to delivering new biobased technologies to global markets, through our own routes as well as through technology licensing" said Michael Saltzberg, global business director - DuPont BioSpecialties. "We are pleased Bioamber has value for this specific technology."

About Bioamber

Bioamber is the joint venture between DNP Green Technology and Agro-industrie Recherches et Développements (ARD) that is dedicated to succinic acid. Bioamber possesses the only biobased succinic acid technology that has been proven at a commercial scale. Bioamber recently commissioned the world's first and only biobased succinic acid plant in Pomacle, France. For more information, visit www.bio-amber.com

About DuPont

DuPont (www.dupont.com) is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 90 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.

About DNP Green Technology

DNP Green Technology is a private US company that produces renewable chemicals. Through numerous scientific and business partnerships, DNP Green Technology has built an extensive IP portfolio and know-how covering the production, purification and uses of biobased succinic acid and derivatives including modified PBS, a biodegradable polymer. DNP Green is actively developing other bio-based chemical platforms, leveraging industrial biotechnology and chemical synthesis to produce renewable chemicals and bio-based materials. The company has offices in Princeton, N.J., Shanghai, China and Montreal, Canada. For more information, visit www.dnpgreen.com

About ARD

ARD (Agro-Industrie Recherches et Développements) is the R&D centre of a large agro-industrial consortium based in Champagne-Ardenne, France. Member of the global-scale competitiveness cluster IAR (Industries and Agro-Resources), ARD adds value to and finds new outlets for agricultural crops. It develops innovative and competitive bio-based molecules produced in bio-refineries. With its subsidiary SOLIANCE, specialized in the production and commercialization of cosmetics active ingredients, ARD has 25 years of experience in biomass fractionation, bio-based chemistry, and industrial biotechnology. ARD and its affiliates employ over 130 people. For more information, please visit www.a-r-d.fr

SOURCE DNP GREEN TECHNOLOGY




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