Dow and Solazyme Sign Commercial Offtake Agreement
1:25 PM MDT | May 9, 2012 | Rebecca Coons
Dow Chemical says it has signed a contingent commercial offtake agreement with Solazyme (San Francisco), an algae-based oils firm, for Solazymes to supply oils for biobased dielectric insulating fluids. The deal advances a joint development effort the two firms began early last year. The algal oils provide a higher flash point—reducing the risk of fire—and increased functionality to dielectric insulating fluids for transformers and other electrical applications, Dow says. Financial terms were not disclosed, although Dow says...
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