BioAmber Inc. BIOAQ

Chemicals Basic Materials

BioAmber Inc is an industrial biotechnology company producing renewable chemicals. The company's proprietary technology platform combines industrial biotechnology and chemical catalysis to convert bio-based feedstocks into renewable chemicals that are cost-competitive replacements for petroleum-derived chemicals used in a wide variety of everyday products including plastics, resins, paints, food additives and personal care products. BioAmber produces bio-succinic acid at a facility in Sarnia, On

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Post by ROUGETRADER719on Sep 05, 2017 11:12am

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GOOD READ KNOW WHAT YOUR BUYING GLTA

Sales of bio-succinic acid were a quarterly record of $4.1m, a 64% increase over Q2-2016 and 94% over Q1-2017 revenues.
9 new customers began buying bio-succinic acid in the second quarter. That brings the total of new customers for the first half of the year to 16.
Launch of BIO-SA pharmaceutical grade.
Operating expenses in Q2 -2017 were 29% lower than in Q1-2017.
Successfully negotiated buyback of Mitsui equity stake in Sarnia.