7 July 2014
Details
* Contract guarantees sale of 10,000 tons per year
for 15 years from Sarnia plant in construction
* 50% of Sarnia capacity
is under take-or-pay,
with total contracted demand exceeding capacity
* Previously announced 100,000 ton per year BDO plant
will be expanded to also
produce 70,000 tons per year of succinic acid,
with Vinmar off-taking
100% of the BDO produced and
70% of the bio-succinic acid produced for 15 years
* Vinmar also commits to off-take 75%
of the production from
a new, third bio-succinic acid plant
with 200,000 MT per year capacity that
BioAmber currently plans to startup in 2020
* Vinmar commits to a 10% or
greater equity investment
in each of the next two plants
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