Dow and Johnson Matthey License Process Technology to QXTD
Dow Inc. DOW and Johnson Matthey announced that Zibo Qixiang Tengda Chemical Company, Ltd. (“QXTD”) selected LP Oxo Technology for producing isononyl alcohol (“INA”) at a new manufacturing plant. Moreover, the technology needs a smaller manufacturing footprint and less consumption of energy compared to traditional INA production processes, without a loss in efficiency and throughput. To date, the suite of LP Oxo Technology has been licensed into a large number of projects throughout 15 countries. Dow currently carries a Zacks Rank #3 (Hold). Some better-ranked companies in the basic materials space are Agnico Eagle Mines Limited AEM, Equinox Gold Corp. EQX and Newmont Corporation NEM.Agnico Eagle currently sports a Zacks Rank #1 (Strong Buy) and has a projected earnings growth rate of 75.3% for 2020.