News
For Immediate Release
Sarnia
08/29/2011
New Investment In Clean Tech Sector Creates 40 Jobs In Sarnia: McGuinty Government Helps Launch New Ontario Company
NEWS
Ontario is helping Bluewater Biochemicals Inc. establish the world’s first commercial biosuccinic acid plant in Sarnia. The project will initially create 40 new high-paying jobs for Ontario families and help clean up our air.
With support from the province, Bluewater Biochemicals will produce clean biochemicals to replace more costly chemicals and petrochemicals that are used in a variety of industries, including automotive parts, road and runway de-icers, consumer packaging, and cosmetics.
Biochemicals and biosuccinic are far better than traditional types of chemicals, as they cost less to make, have a much lower impact on the environment, and are sustainable.
Partnering with businesses and modernizing Ontario's tax system is a key part of the McGuinty government’s plan to strengthen the economy, create jobs for Ontario families, and enhance programs and services that matter to Ontario families, such as health care and education.
QUOTES
“Developing and marketing innovative, clean technologies that reduce our carbon footprint is one of Ontario’s strengths and a testimony of our growing impact in the global marketplace. Sarnia’s new Bluewater Biochemicals plant will help move Ontario’s clean agenda forward, while creating jobs to strengthen our economy and help Ontario families.”
— Sandra Pupatello, Minister of Economic Development and Trade
“Ontario’s support of bioindustries and renewable energy motivated our decision to set up our biosuccinic acid production plant in Sarnia, not to mention the fact that Sarnia is a hub for the chemical industry in Ontario. We are thankful to Ontario for its contribution.”
— Jean-Francois Huc, President, BioAmber Inc.
QUICK FACTS
- Bluewater Biochemicals Inc. is a subsidiary of U.S.-based BioAmber Inc., which will build, own, and operate the biosuccinic acid plant in Sarnia.
- The market for succinic acid could potentially exceed $1 billion a year by 2015.
- Biosuccinic acid is made from the fermentation of renewable feed stocks. It consumes significant amounts of CO2 in the production process, which helps clean up our air.
- As a result of the tax changes in Ontario, taxes on business investment were cut in half, making Ontario more competitive and encouraging new business investments.
LEARN MORE
- Read Ontario’s Progress Report 2011.
- Find out more about the government's plan for the economy.
- Visit the Ministry of Economic Development and Trade’s website for comprehensive economic and trade news, including a toolkit for businesses, and the Ministry of Research and Innovation’s website for advanced manufacturing news and innovations.
- Explore renewable energy in Ontario.
For more information:
Lauren Tedesco
Minister's Office
416-325-6909
Dominique Paquet
Communications Branch
416-325-8775
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