The argument that PVC is getting greener and belongs in healthcare applications is getting a boost from the rapid development of potential new bioplasticizers.
In one of the biggest developments, BioAmber and Mitsubishi Chemicals are teaming up to build a world-scale biosuccinic acid plant in Sarnia, Ontario next year.
In a form filed with the Securities and Exchange Commission Nov. 10, BioAmber estimates the addressable market for plasticizers made from biosuccinic acid at more than $1 billion.
Plasticizers are organic esters that are primarily used to make flexible PVC. Bio-succinic acid esters serve as replacements for certain of the major phthalate-based plasticizers, which account for a significant majority of the worldwide demand.