Univar Solutions Inc.
’s
UNVR
subsidiary, Europe, Univar Solutions B.V., entered into a blending, production and distribution agreement with Fluid Energy Group for the Enviro-Syn Modified/Synthetic Acid product line. The deal expands Univar’s portfolio of advanced specialty chemical solutions.
Further, Univar has been appointed as Fluid’s blender, distributor and producer for Enviro-Syn HCR Modified/Synthetic Acid systems and associated products in certain European countries including France, Belgium, Italy, Ireland, Iberia, Netherlands, Luxembourg, the Nordics and the U.K.
Enviro-Syn technologies are designed to improve and provide effective alternatives to conventional, highly hazardous, commodity acids and alkali products. For instance, Enviro-Syn HCR and Modified Caustic systems provide better technical properties compared with traditional caustic soda and hydrochloric acid in terms of lower fuming and disassociation rates along with many other technical aspects.
Moreover, many of these product lines are non-corrosive to dermal tissues. They have ultra-low corrosion properties on various materials, which reduce corrosion related problems. Fluid’s patented products are biodegradable, non-volatile, environmentally responsible and demonstrate low toxicity.
The modified acid and alkali systems have established global applications in the oil and gas industry along with many other industries including food and beverage, water treatment, household and industrial cleaning and construction.
Univar’s shares have lost 25% in a year against 1.1% rise recorded by the industry.
Zacks Rank & Key Picks
Univar currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are
Agnico Eagle Mines Limited
AEM
,
New Gold Inc.
NGD
and
Barrick Gold Corporation
GOLD
. While Agnico Eagle sports a Zacks Rank #1 (Strong Buy), New Gold and Barrick carry a Zacks Rank #2 (Buy). You can see
the complete list of today’s Zacks #1 Rank stocks here
.
Agnico Eagle has an expected earnings growth rate of 103.1% for 2020. Its shares have returned 25.5% in the past year.
New Gold has an expected earnings growth rate of 100% for 2020. The company’s shares have surged 119.9% in the past year.
Barrick has an expected earnings growth rate of 115.7% for 2020. The company’s shares have gained 53.9% in the past year.
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