BioAmber Inc (fka BIOAQ)

[TheRealMrPirate]

$BIOAQ Sub, there's nothing wrong with Sarnia. It's a very modern & capable plant but was only running at about 20-25% of capacity. Economics / mainly the price of crude is part of the reason this failed. At the time BIOA-Q made the push & spread themselves thin, crude was also at an almost all time low. BioAmber's succinic production had an advantage price relative to $30usd dollar crude compared to succinic produced from that sector. Once crude prices rose then Bioamber's succinic was more cost effective for companies to purchase/use. With today's crude price in the $70's the plant will be more than back on track. Visolis/LCY just scored, especially if crude prices stay up above +$40usd which there is nothing to say they won't.