Investments, Press Release

BioAmber bags $25m loan

BioAmber has closed on a $25 million, three-year term loan with Hercules Capital. The $25 million debt facility is in addition to the $71.9 million of net proceeds that BioAmber received in connection with its initial public offering in May 2013. The debt financing will help ensure the company will have the capital needed to construct and start up BioAmber’s planned 30,000 metric ton bio-succinic acid facility in Sarnia, Ontario, Canada.

About Doris de Guzman

Will Green Chemistry save the world or is it hype?

Doris de Guzman examines alternative processing, new technology, R&D and other sustainability initiatives aimed at preventing pollution; replacing ingredients; and using renewable feedstocks in Green Chemistry.

She has been covering the oleochemicals market for 15 years and spread her beat to inorganics, biofuels and green chemistry.

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