Dow AgroSciences, Taminco Announce Choline Supply Agreement
Enables Key Component of Enlist Duo Herbicide as Part of New Innovation For Farmers Struggling with Weed Control
INDIANAPOLIS & ALLENTOWN, Pa.--(BUSINESS WIRE)-- Dow AgroSciences LLC, a subsidiary of The Dow Chemical Company (NYS: DOW) , and Taminco US Inc., a subsidiary of Taminco Corporation (NYS: TAM) announce the companies have reached a strategic supply agreement for choline hydroxide. This raw material is a key component of Enlist Duo™ herbicide, a highly differentiated herbicide solution specifically designed for the Enlist™ Weed Control System. The Enlist system combines innovative traits, herbicides, and stewardship to deliver the weed control that farmers need now while sustaining beneficial farming practices. Under the agreement, Taminco will supply choline hydroxide to Dow AgroSciences for herbicidal uses. Financial terms of the agreement were not disclosed.
Specifically, the agreement is an important step in the production of Dow AgroSciences' proprietary 2,4-D choline which is a key component in Enlist Duo with Colex-D™ Technology. The Colex-D Technology package will offer customers significant benefits including ultra-low volatility, minimized potential for drift, decreased odor and improved handling characteristics. This highly differentiated product is a key component in Dow AgroSciences' overall stewardship efforts to enable proper use and sustain the technology into the future.
"Enlist will move farming forward at a critical time for agriculture, and it is essential that we have reliable suppliers as part of our supply chain in order to meet the expected demand. We view Taminco as an important partner to advancing the Enlist system," said Tim Hassinger, Commercial Vice President, Dow AgroSciences.
"We are very pleased to be partnering with Dow AgroSciences on this strategic supply agreement. As the world's largest supplier of alkylamines and derivatives, we are well positioned to support their key growth initiative and are excited to be part of a significant effort in bringing new innovation to the marketplace," said Colin Gouveia, Executive Vice President, Functional Amines, Taminco.
Dow AgroSciences plans to ramp up seed production and its supply of Enlist Duo™ herbicide with Colex-D™ Technology to support the anticipated Enlist launch.
Taminco is the world's largest producer of alkylamines and alkylamine derivatives. Our products are used by customers in the manufacture of a diverse array of products for the agriculture, water treatment, personal & home care, animal nutrition and oil & gas end-markets. Our products provide these goods with a variety of ancillary characteristics required for optimal performance. We currently employ about 800 people and operate in 19 countries with seven production facilities in the US, Europe and Asia. Learn more at www.taminco.com.
About Dow AgroSciences
Dow AgroSciences, based in Indianapolis, Indiana, USA, develops leading-edge crop protection and plant biotechnology solutions to meet the challenges of the growing world. Dow AgroSciences is a wholly owned subsidiary of The Dow Chemical Company and had annual global sales of $6.4 billion in 2012. Learn more at www.dowagro.com. Follow Dow AgroSciences on Facebook and YouTube or subscribe to our News Release RSS Feed.
®™Trademark of The Dow Chemical Company ("Dow") or an affiliated company of Dow. Regulatory approvals are pending for the Enlist™ herbicide solution and crops containing Enlist herbicide tolerance traits. The information presented here is not an offer for sale. Always read and follow label directions. ©2013 Dow AgroSciences LLC
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