09 March 2011 14:29 [Source: ICIS news]
TORONTO (ICIS)--Dow Chemical and ?xml:namespace>
The fluids are used in transformers and other electrical applications.
“In the fast growing space of bio-based dielectric insulation fluids, Solazyme tailor-designed algal oils will serve as a foundation to develop a new generation of fluids that are fire safe, environmentally sound, and that provide overall increased performance to users of transformers and other electrical applications,” said Tim Laughlin, general business manager of Dow’s wire and cable business.
Under a non–binding letter of intent, Dow may obtain up to 20m gallons of Solazyme’s oils for use in dielectric insulating fluids and other industrial applications in 2013 and up to 60m gallons in 2015, the companies added.
Financial terms were not disclosed.
Last year, San Francisco-based Solazyme said the US Navy bought 1,500 gallons of its algae-based jet fuel for testing as part of an effort to run 50% of the Navy’s fleet on renewable fuels by 2020.
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