BioAmber: Collaboration with Faurecia and Mitsubishi Chemical
BioAmber Inc., Minneapolis, MN, USA, will be the supplier of biobased succinic acid to a Faurecia-Mitsubishi Chemical partnership for the production of automotive plastics. Faurecia, Nanterre, France, has been conducting research into bioplastics derived from 100% natural materials since 2006 (BioMat project) and has 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 objective of the joint Faurecia-Mitsubishi Chemical program is to develop a polymer that can be used in mass-production for automotive interior parts. 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.
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