- In September 2024, specialty chemical company Lygos entered into a partnership with fermentation and biotechnology firm CJ BIO to produce and supply commercial quantities of biobased chemicals. The two companies have signed a Memorandum of Understanding (MOU) to formalize the collaboration
- In December 2022, Mitsubishi Chemical Group, in collaboration with Chukyo Yushi Co., Ltd., developed a biodegradable and compostable dispersion solution using BioPBS, a plant-derived biodegradable polymer. This polymer is produced from succinic acid sourced from natural resources and 1,4-butanediol
- In August 2022, Technip Energies acquired DSM's Biosuccinium Technology, enabling the production of bio-sourced and fully biodegradable polymers. This method utilizes patented bio-polymer technologies to create bio-based succinic acid (bio-SAc), a key feedstock for manufacturing polybutylene succinate
- In June 2022, NIPPON SHOKUBAI CO., LTD. raised the price of succinic acid by USD 0.5/kg (JPY 50/kg)
- In June 2021, Roquette Frères received the U.S. Department of Agriculture (USDA) certified Bio-based Product Label for their BIOSUCCINIUM product
