This report presents a cost analysis of bio-based Succinic Acid production from raw sugar using a fermentation process. The process examined is similar to Korea Advanced Institute of Science & Technology (KAIST) process. In this process, raw sugar (sucrose) is diluted and sucrose is hydrolyzed into glucose and fructose (invert sugars). The invert sugars are then fermented to produce Succinic Acid. This report examines one-time costs associated with the construction of a Germany-based plant and the continuing costs associated with the daily operation of such a plant. More specifically, it discusses: * Capital Investment, broken down by: - Total fixed capital required, divided in production unit (ISBL); infrastructure (OSBL) and contingency - Alternative perspective on the total fixed capital, divided in direct costs, indirect costs and contingency - Working capital and costs incurred during industrial plant commissioning and start-up * Production cost, broken down by: - Manufacturing variable costs (raw materials, utilities) - Manufacturing fixed costs (maintenance costs, operating charges, plant overhead, local taxes and insurance) - Depreciation and corporate overhead costs * Raw materials consumption, products generation and labor requirements * Process block flow diagram and description of industrial site installations (production unit and infrastructure) This report was developed based essentially on the following reference(s): WO Patent 2009082050, issued to Korea Advanced Institute of Science & Technology (KAIST) in 2009 Keywords: Butanedioic Acid, Dicarboxylic Acid