Canadian Manufacturing

Comet Biorefining Inc., BioAmber ink ‘off-take’ agreement for cellulosic dextrose

Comet Biorefining provides cellulosic dextrose technology for applications in renewable biochemicals and biofuels

April 22, 2016  by Canadian Manufacturing.com Staff

LONDON, Ont.—Comet Biorefining Inc. has signed an off-take agreement with bio-succinic acid producer BioAmber for high-purity dextrose from Comet’s planned commercial plant in Sarnia, Ont. The dextrose will be produced from agricultural residues using Comet’s innovative technology.

The off-take agreement includes provisions for Comet to supply dextrose to future BioAmber manufacturing facilities and provides BioAmber with certain exclusive rights covering succinic acid, 1,4-butanediol (BDO) and tetrahydrofuran (THF).

BioAmber provided an equity investment in Comet in 2015 and its CEO Jean-Francois Huc is now joining Comet’s board of directors.

Comet’s technology competitively produces sugars from biomass versus corn or cane-derived sugars, the benchmark raw materials for today’s biochemical production. Comet’s facilities can also be built on a smaller scale enabling greater flexibility to locate production closer to biomass supplies and lower a region’s greenhouse gas footprint.

Advertisment

The off-take agreement is the culmination of development work performed by Comet and BioAmber as part of BioIndustrial Innovation Canada’s recently completed cellulosic sugar study.

“Having off-take agreements in place with bioeconomy leaders like BioAmber demonstrates the market’s confidence in our technology and products,” said Andrew Richard, Chairman and Founder of Comet Biorefining. “As a trusted feedstock partner, Comet is helping to build a successful bioeconomy hub in Sarnia, Ontario, close to plentiful biomass. We are extremely pleased to welcome Jean-Francois Huc as a member of our board.”

“We have tested many second-generation sugars and Comet offers dextrose that is on par with dextrose from corn, both in terms of quality and price. Comet has proven this by operating a large demonstration plant in Italy, setting them apart from others,” said Jean-Francois Huc, BioAmber CEO. “Comet has also put together a unique value chain in Southwestern Ontario, bringing together farmers, technology, off-takers and government.”

Comet Biorefining provides cellulosic dextrose technology for applications in renewable biochemicals and biofuels. It operates a demonstration scale plant in Rotondella, Italy and is planning a 60-million-pounds-per-year commercial sugar plant for 2018.

BioAmberis a renewable materials company that converts renewable feedstock into building block materials that are used in a wide variety of everyday products including plastics, paints, textiles, food additives and personal care products.


Print this page

Related Stories