Bioamber wins Biorenewable Chemicals Technology Award 2009 from Frost & Sullivan

Mar 31, 2009


    PRINCETON, NJ, March 31 /CNW Telbec/ - Bioamber, a joint venture between
DNP Green Technology and ARD, has been awarded the 2009 Frost & Sullivan
Technology Innovation Award in the global bio-renewable chemical market for
its efforts to commercialize biobased succinic acid. Bioamber has developed
and patented a novel green process that promotes the use of renewable
feedstocks and minimizes the carbon footprint.
    The chemical industry has recognized the potential of bio-renewable
chemicals and more particularly the importance of succinic acid as a building
block for different specialty and commodity chemicals. Bioamber has a clear
competitive advantage in this important market: it is the only company that
has successfully produced biobased succinic acid on a large scale, using 80
000 litres fermentations. This has allowed Bioamber to market samples of its
biobased succinic acid to all parts of the world and accelerate the
development of new applications for succinic acid through collaborations with
a number of companies.
    Bioamber's technology was originally developed by the US Department of
Energy and provides higher purity and lower cost than the traditional
petrochemical route, while at the same time sequestering CO(2) gas. Bioamber's
2,000 metric ton production plant will come on line in 2009 and further
strengthen its competitive advantage. The plant will accelerate Bioamber's
efforts to license-out its technology and rapidly gain market dominance. Frost
& Sullivan projects that the market for succinic acid will grow at a CAGR of
32% through 2014, and that Bioamber's technology will capture a 50% market
share by 2011.
    The Frost & Sullivan Award for Technology Innovation is presented to the
company that has demonstrated technological superiority within its industry.
This award recognizes the ability of the company to successfully develop and
introduce new technology, formulate a well-designed product family and make
significant product performance contributions to the industry.
    To choose the recipient of the award, the analyst team tracks emerging
and existing technologies, as well as R&D developments. This is accomplished
through interviews with major market participants and extensive secondary
research. Also considered are elements such as product launches and customers,
which are ranked for relative position. Frost & Sullivan then presents the
award to the company that received the number one industry rank.

    About Frost and Sullivan

    Frost & Sullivan, the Growth Partnership Company, enables clients to
accelerate growth and achieve best in class positions in growth, innovation
and leadership. The company's Growth Partnership Service provides the CEO and
the CEO's Growth Team with disciplined research and best practice models to
drive the generation, evaluation and implementation of powerful growth
strategies. Frost & Sullivan leverages over 45 years of experience in
partnering with Global 1000 companies, emerging businesses and the investment
community from 31 offices on six continents. To join our Growth Partnership,
please visit www.frost.com.

    About DNP Green Technology

    DNP Green Technology is a private US company dedicated to the development
of innovative technologies that use renewable biomass to produce green
building blocks for the chemical industry that are cost competitive with
fossil fuels. Thanks to its numerous scientific and business partnerships, DNP
Green Technology has succeeded in building an extensive portfolio of patents
and expertise in the production and purification of bio-based succinic acid
and derivative products, as well as their use in various applications. DNP
Green Technology has offices in Princeton, N.J., and Montreal, Canada.
    For more information, please visit www.dnpgreen.com

    About ARD

    ARD (Agro-Industrie Recherches et Développements) is the R&D centre of
the Champagne-Ardenne agricultural cooperatives that grow cereals, sugar and
alfalfa. Representative of the global-scale competitiveness cluster IAR
(Industries and Agro-Resources), ARD adds value to and finds new outlets for
agricultural crops and develops innovative and competitive products that use
the renewable carbon in plants after processing in a bio-refinery. Along with
its affiliate SOLIANCE, which specializes in the production and
commercialization of active ingredients for the cosmetics industry, ARD has 25
years of experience in the fractionation of plants, green chemistry, and white
biotechnology. ARD and its affiliates have approximately 130 employees.
    For more information, please visit www.a-r-d.fr

    About Bioamber

    Bioamber is a white biotechnology company dedicated to the production of
bio-based succinic acid and derivatives. Bioamber is a joint venture
established between DNP Green Technology and ARD.
    For more information, please visit www.bio-amber.com



For further information:

For further information: on Bioamber: Dilum Dunuwila, (609) 945-1729,
Dilum.dunuwila@bio-amber.com


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