Princeton, NJ, Nov, 16th 2010 - DNP Green Technology and Agro-industrie Recherches and Developpements (ARD) announced today the restructuring of their Bioamber joint venture. Under the terms of the deal, DNP Green Technology acquired 100% of the shares in Bioamber, and ARD become a shareholder in DNP Green Technology. The demonstration plant operating in Pomacle France will be owned and operated by ARD, with Bioamber securing exclusive access to the plant for the next three years through a toll manufacturing agreement.
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|DNP Green Technology Acquires 100% of Bioamber JV, Changes Name to Bioamber Inc.|