Dow AgroSciences, a wholly-owned subsidiary of
The Dow Chemical Company
), has expanded its current association with the Department of
Primary Industries (DPI) of the State of Victoria by entering
into a new research and development project.
The project is intended for the development of new varieties of
high performance canola specially designed to benefit
farmers in Australia and globally. However, the financial terms
of the transaction were not declared.
The collaboration between Dow AgroSciences and DPI started back
in 2009 and the new research project represents the sixth project
under the agreement. The new project will be based out of DPI's
research facilities at Horsham and the new AgriBio, Centre for
AgriBioscience at Bundoora.
As per the deal, Dow AgroSciences will work through DPI's
commercial arm - Agriculture Victoria Services Pty Ltd - by
applying its precision genome editing technology platform
"EXZACT" to enhance the performance of canola crop varieties.
EXZACT was developed by Dow AgroSciences under an exclusive
license and collaboration agreement in plants with
Sangamo BioSciences, Inc.
In addition to developing enhanced new varieties of canola crop,
EXZACT is capable of creating novel gene combinations in
commercial varieties that will rapidly allow the production of
crops with enhanced performance.
Few days ago, Dow Personal Care, a unit of Dow Chemical,
entered into a distribution agreement with Nexeo Solutions, a
global distributor of chemicals, plastics, composites and
environmental services. Nexeo will operate as a key distribution
partner of Dow Personal Care in the U.S.
Dow Personal Care's partnership with Nexeo Solutions builds
upon the latter's long-standing relationship with Dow Chemical in
other markets across North America.
Under the agreement, Nexeo Solutions will promote and market
various Dow Personal Care product lines in the U.S.
Dow Chemical retains a short-term (1 to 3 months) Zacks Rank
Other companies in the chemical industry that are worth
Akzo Nobel NV
). While Olin retains a Zacks Rank #1 (Strong Buy), Akzo holds a
Zacks Rank #2 (Buy).
AKZO NOBEL NV (AKZOY): Free Stock Analysis
DOW CHEMICAL (DOW): Free Stock Analysis
OLIN CORP (OLN): Free Stock Analysis Report
SANGAMO BIOSCI (SGMO): Free Stock Analysis
To read this article on Zacks.com click here.