BioAmber Inc fka BIOAQ

[Koan]

Nope.

Even LCY/Visolis is looking to make alternative products in the plant now that crude is tanking again.

So here is the question: At what price per barrel can bio-based succinic acid compete with petro-based succinic acid? Additionally, making succinic acid from sugars is also a carbon negative process, which unlocks the utilization and value of carbon credits.

According to BioAmber the answer is $25 dollars a barrel.

Further, succinic acid is a building block chemical, meaning that once it is made, other valuable products can then be made.

LCY/Visolis is not sitting around watching oil fall from $70 to $52 a barrel and all of the sudden changing fundamental strategies.