- The exclusive collaboration agreement would be for the distribution of Eastman Chemical’s solvent named Tamisolve NxG.
- The solvent is a highly effective, has low toxicity, and an innovative product developed for the agrochemical industry.
Clariant AG (Clariant), a renowned Switzerland-based specialty chemical company, has reportedly announced that it has signed an exclusive collaboration agreement with American Fortune 500 specialty chemical company, Eastman Chemical Co. (Eastman).
Reports cite, the agreement has been signed to distribute Eastman’s innovative new solvent, Tamisolve NxG, a highly-effective, low on toxicity solvent specifically developed for the global agrochemical industry.
According to a press release by Clariant, the Tamisolve NxG was particularly formulated for the world’s plant protection segment to be utilized in biological control agents, plant growth regulators, fungicides, insecticides & herbicides. Under the terms of the agreement, Clariant would be responsible for global marketing & selling the Tamisolve NxG solvent under the company’s trade name, Genagen™ NBP.
Experts claim that in the plant protection market, which is reportedly governed by strict regulations & growing efficiency demands attributing to an increasing population, crop protection product developers must produce efficient, innovative as well as environment-friendly solutions.
The collaboration between the two firms is a proof to their commitment to the industry as well as the goals, cite sources. Pooling their expertise & resources, the two firms aim to bring Genagen NBP to the foreground of the agrochemical industry.
Reportedly, the collaboration would be delivering considerable business benefits to end customers & agrochemical formulators alike, ushering in chemical production expertise from Eastman as well as application & formulation excellence from Clariant.
For the record, over the recent years, Clariant has achieved significant accolades in the world’s agrochemical market. Apart from growing its crop solutions portfolio in 2017, the company also invested in an R&D greenhouse that holds opportunities for crop-protection testing in the real-world as well as advances in solutions in the future.
According to reports, the financial terms of the exclusive collaboration agreement have not been unveiled publicly yet.