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Last updated on April 17, 2014 at 17:30 EDT

BioAmber Collaborating with Faurecia and Mitsubishi Chemical for Automotive Bioplastics

November 6, 2012

MINNEAPOLIS, MN, Nov. 6, 2012 /PRNewswire/ – BioAmber will be the
supplier of biobased succinic acid to a Faurecia-Mitsubishi Chemical
partnership for the production of automotive plastics.  Faurecia has
been conducting research into bioplastics derived from 100% natural
materials since 2006 (BioMat project) and has now signed an exclusive
industrial partnership agreement with Mitsubishi Chemical Corporation
to co-develop bioplastics designed for mass-production for use in
automotive interiors. Faurecia plans to develop a full range of
bioplastics, which are set to see a boom in the 2015 to 2020 period.

The environmental constraints associated with vehicle weight reduction
and the regulations intended to increase the recyclability of materials
used in the automotive industry (85% in Europe by 2015) call for
increased use of new materials derived from natural resources, which
will ultimately replace petroleum-based plastics. This initiative also
aims to ensure that the materials used have a positive impact on the
product lifecycle (from initial extraction through to end-of-life).

The objective of the joint Faurecia-Mitsubishi Chemical program is to
develop a polymer that can be used in mass-production for automotive
interior parts (door panel trim strip, structural instrument panel and
console inserts, air ducts, door panel inserts, etc.). The joint
development will start by modifying Mitsubishi Chemical’s patented
biomass-derived poly-butylene succinate (PBS) and ultimately target to
be produced from 100% bio sources. BioAmber will be the supplier of
bio-based succinic acid to the partnership. Under the terms of the
agreement, Faurecia will hold exclusive rights to automotive
applications of the specific polymers jointly developed under this
project. This project builds on several years of development work
carried out jointly with BioAmber, the leading specialist in bio-based
succinic acid technology.

Nicolas Pechnyk, Vice President Engineering for Faurecia Interior
Systems, explains: “This strategic agreement with Mitsubishi Chemical
will make Faurecia the first automotive equipment supplier to
mass-produce a 100% bio-based plastic. We are confident about the
future of this technology as a substitute for petroleum-based plastic
components; indeed, it is one of the main thrusts of our strategic
initiative ‘bio-attitude’.”

Shigeru Handa, General Manager of Mitsubishi Chemical’s Sustainable
Resources Business Development Department, comments: “We are convinced
that Faurecia’s commitment to sustainability is in line with Mitsubishi
Chemical’s “KAITEKI” concept. We believe our strengths in
biotechnology, polymer development, and patent position will contribute
to this partnership with Faurecia”.

The agreement will enable three market leaders to pool their respective
strengths: Faurecia, no. 1 worldwide in automotive interiors,
Mitsubishi Chemical Corporation, one of the world’s largest chemical
companies and BioAmber, a pioneer in the production of bio-based
succinic acid.

About BioAmber Inc.
BioAmber is a next generation chemicals company. Its proprietary
technology platform combines industrial biotechnology and chemical
catalysis to convert renewable feedstocks into chemicals including
succinic acid and 1,4-butanediol, which are used in a wide variety of
everyday products such as plastics, food additives and personal care
products. For more information visit the company’s web site at: www.bio-amber.com

About Faurecia
Faurecia is the world’s sixth-largest automotive equipment supplier with
four key Business Groups: Automotive Seating, Emissions Control
Technologies, Interior Systems and Automotive Exteriors. In 2011, the
Group posted total sales of EUR16.2 billion ($22.5 billion). At December
31, 2011, Faurecia employed 84,000 people in 33 countries at 270 sites
and 40 R&D centers. Faurecia is listed on the NYSE Euronext Paris stock
exchange. For more information, visit: www.faurecia.com

About Mitsubishi Chemical Corporation
Mitsubishi Chemical Corporation is Japan’s leading chemical company and
a core operating company of the Mitsubishi Chemical Holdings Group. At
the Group, we serve our customers by using our chemistry-based
technology platforms for the development of a wide range of
technologies and products in the fields of performance products,
healthcare, and industrial materials. Under the Group philosophy, “Good
Chemistry for Tomorrow”, we established a new concept, KAITEKI which
encompasses sustainability, health, and comfort. We aim to realize a
truly sustainable state of comfort, not only for individuals but for
society and the earth as a whole, through providing our technologies
and products. As the Mitsubishi Chemical Holdings Group, we posted net
sales of about ¥3.2 trillion ($40 billion) in fiscal year ended March
2012 and had more than 53,000 employees as of the end of the year.
Further information about Mitsubishi Chemical Holdings and Mitsubishi
Chemical Corporation is available on our websites: www.mitsubishichem-hd.co.jp/english/ and www.m-kagaku.co.jp/index_en.htm, respectively.

SOURCE BIOAMBER CANADA INC.


Source: PR Newswire