) unit Dow Microbial Control has got the green light from the
European Union (EU) for its antifouling agent dubbed DCOIT. The
innovative technology has been designed to control growth of
unwanted fouling organisms on the surface of vessels while
mitigating environmental impact.
Antifouling agents prevent unwanted settlement of fouling organisms
such as microbes and higher forms of plant or animal species on
marine vessels, aquaculture equipment or other structures immersed
in water. Such biofouling minimizes a vessel's operating efficiency
and harms the environment through higher fuel consumption and
DCOIT has been cleared by the European Commission for application
in coating formulations that fall under the Biocidal Products
Regulation (BPR) "Product Type 21", which encompasses antifouling
products. From an environmental perspective, it is among the most
challenging product types for which to secure approval. DCOIT is
the second active agent to receive market clearance in the EU in
DCOIT has been used safely worldwide as an active agent in
antifouling products since the early 1990s under the SEA-NINE
moniker. SEA-NINE testifies Dow Microbial Control's commitment to
offer top-performing products and leading customers to a more
sustainable future. It has also clinched the prestigious U.S. EPA
Presidential Green Chemistry Challenge award in the Designing Safer
Chemical Products category.
Dow Microbial Control is a part of Dow's Functional Materials
business that falls under the broader Electronic and Functional
Materials division. Revenues from Dow's Electronic and Functional
Materials segment went up 5% year over year to $1.2 billion in
second-quarter 2014. Sales from Dow Microbial Control rose by
double-digits across North America and Asia Pacific on strong
demand in energy and water market sectors.
Dow is a Zacks Rank #3 (Hold) stock.
Other chemical stocks worth considering include Celanese
), LyondellBasell Industries NV (
) and Johnson Matthey plc (
). All of them carry a Zacks Rank #2 (Buy).
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