DNP Green Technology completed in 2009 a $12 million financing with a group of institutional investors led by Sofinnova Partners, a leading European venture capital firm, and including Mitsui & Co. Venture Partners, the venture arm of the Japanese trading powerhouse Mitsui & Co, and Samsung Ventures, the venture arm of the Samsung Group, one of Asia’s largest industrial groups. Other investors included the Cliffton Group, a Canada-based real estate group with interests in clean tech.
In the fall of 2010, DNP Green Technology acquired 100% of the shares of its Bioamber joint venture from ARD. Concurrent with the acquisition of the joint venture, DNP Green Technology changed its name to BioAmber Inc. Siclae, a leading European agricultural group and the principal shareholder of ARD, became a shareholder in BioAmber through the transaction.
Chemical Recycling Commitments & Incentives, Deep Sea Plastic, Greece SUP Ban, NY Composting
BioAmber raised two additional rounds of capital in 2011 and 2012, with gross proceeds of $75 million, with Naxos Capital Partners and LANXESS Corporation becoming shareholders.
In May 2013, BioAmber completed and Initial Public Offering on the New York Stock Exchange, under the symbol BIOA. The company raised $80 million in gross proceeds and issued warrants giving investors the right to purchase an additional $44 million of common shares.
Vision and Mission
BioAmber vision is to be the pioneering chemical company and vital catalyst in the development of a global, 100% low-carbon integrated supply chain: an innovation driven, renewable chemicals company that delivers value through sustainable processes, intermediates and materials.
Biobased Plastics – Advantages & Disadvantages
Compostable Plastics – Advantages & Disadvantages
BioAmber mission is to help accelerate sustainable change in the chemical industry. By looking to nature for inspiration, we make chemicals that benefit the environment, our customers, employees and communities for a more sustainable future.
- Bio-based Succinic Acid
- Paints & Coatings
- Personal Care Products
- Adhesives & Sealants
- Foods & Flavours
- Bio-based 1,4 Butanediol
- Engineering Plastics
- Biodegradable polyesters
- Specialty Chemicals
- Bio-based Disodium Succinate
- Flavour Enhancements
- Salt Reduction
- All natural