BioAmber Wins ICIS Innovation Award for Best Business Innovation

19-Oct-2011 - USA

BioAmber, Inc. has been awarded a 2011 ICIS Innovation Award, winning the Best Business Innovation category for the development and commercialization of its biobased succinic acid platform. BioAmber joins an elite group of past winners that includes Huntsman in 2010 and DSM in 2009.

BioAmber becomes only the second company to have won the prestigious ICIS Innovation and the EPA Presidential Green Chemistry Challenge awards in the same year. Dow was the first company to accomplish the feat in 2008, when Dow Chemical won an ICIS Innovation Award and Dow AgroSciences won an EPA Presidential Green Chemistry Challenge Award.

The ICIS Innovation Award for Best Business Innovation, voted by a panel of judges from DSM, Dow Corning, NNFCC, CRA International and New Scientist, highlights innovation in the way chemical companies do business. The panel recognized BioAmber's use of open innovation and industrial biotechnology to bring to market a sustainable, cost effective technology that produces a range of C4 chemicals including succinic acid and 1,4-butanediol.

"We thank the ICIS Innovation judges for recognizing BioAmber's use of open innovation, which has helped us to accelerate the development and commercialization of a robust platform chemical. Our success demonstrates that open innovation is not just for large companies and that renewable chemistry has matured to the point of being a real option for the chemical industry," said Jean-Francois Huc, CEO of BioAmber.

https://www.chemeurope.com/en/news/134875/bioamber-wins-icis-innovation-award-for-best-business-innovation.html