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Thursday, 01/11/2024 5:48:52 AM

Thursday, January 11, 2024 5:48:52 AM

Post# of 148258
I find it interesting Mistubishi (MUFG) lends a billion-plus to LCY for their ESG efforts, while MCC in PTTMCC (Mitsubishi Chemical Corp) is/was one of Bioamber's unsecured creditors.

One of Bioamber's customers/partners PTTMCC requires BIO-SA & BIO-BDO to manufacture their BIO-PBS in Thailand.

PTTMCC is still producing and exporting BIO-PBS to their customers as recent as January 08, 2024. (one of PTTMCC's consistent customers include the public-traded co; Danimer Scientific)

PTTMCC confirmed in one of their recent reports, they buy BIO-SA used in BIO-PBS through "short and long-term contracts" and does not manufacture BIO-SA at the moment.

PTTMCC claims a $1.9 billion market value for their BIO-PBS.

Anybody else thinking LCY Biosciences/Bioamber is receiving a licenses fee and/or renting out the Sarnia succinic plant to PTTMCC for the production of BIO-SA?
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