Comment Business & Economics
Solazyme & Dow: Bio-based dielectric insulating fluids
By Gerald Ondrey |
Solazyme, Inc. (San Francisco, Calif.; www.solazyme.com), a leading renewable-oils and bioproducts company, announced today the execution of both a joint development agreement (JDA) and a letter of intent (LOI) with The Dow Chemical Co. (Midland, Mich.; www.dow.com) to advance the development of Solazyme’s algal oils for use in next-generation, bio-based dielectric insulating fluids key to transformers and other electrical applications.
Under the terms of the JDA, Dow will combine its extensive knowledge of specialty fluid formulations and dielectric insulation capabilities with Solazyme’s unique feedstock capabilities to develop of a new class of algal oils tailored for optimized performance and cost in dielectric insulating fluid applications. The non–binding LOI provides that Dow may obtain up to 20-million gal of Solazyme’s oils for use in dielectric insulating fluids and other industrial applications in 2013 and up to 60-million gal in 2015.
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