Eden/Taminco sign evaluation agreement
The UK-based natural micro-encapsulation company, Eden Research (Witney, Oxfordshire), has signed an exclusive evaluation agreement with Belgian speciality chemicals company Taminco (Merelbeke). The deal grants Taminco the right to evaluate Eden's nematicide product for crop protection uses until December 31st 2014. In case of a successful evaluation that could lead to a profitable business, the two companies will negotiate a global licensing arrangement to allow the commercialisation of the product. "The market for nematicides is worth around $1 billion per year at grower level and, in recent years, has seen a significant number of effective products being removed from sale due to their risk profiles," says Eden managing director Clive Newitt. He believes that Taminco will be able to commercialise Eden's natural alternative to replace some of these products' uses alongside its own soil fumigant business.