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Univar Solutions Inc.The UNVR subsidiary of Europe, Univar Solutions BV, has entered into a mixing, production and distribution agreement with Fluid Energy Group for the Enviro-Syn Modified / Synthetic Acid product line. The agreement expands Univar’s portfolio of advanced specialty chemicals solutions.
In addition, Univar has been appointed Mixer, Distributor and Fluid Producer for Enviro-Syn HCR Modified / Synthetic Acid Systems and related products in select European countries including France, Belgium, Italy, Ireland , the Iberian Peninsula, the Netherlands, Luxembourg, the Nordic countries and the United Kingdom.
Enviro-Syn technologies are designed to enhance and provide effective alternatives to conventional highly hazardous acidic and alkaline products. For example, Enviro-Syn HCR and modified caustic systems offer better technical properties over traditional caustic soda and hydrochloric acid in terms of lower smoke and dissociation rates as well as many other technical aspects.
In addition, many of these product lines are not corrosive to dermal tissue. They have ultra-low corrosion properties on a variety of materials, reducing corrosion problems. Fluid’s patented products are biodegradable, non-volatile, environmentally friendly and exhibit low toxicity.
Modified acid and alkali systems have established global applications in the oil and gas industry as well as many other industries including food and beverage, water treatment, household and industrial cleaning, and construction.
Univar shares lost 25% in one year against a 1.1% increase recorded by the industry.
Zacks rank and choice of keys
Univar currently wears a Zacks Rank # 3 (Hold).
Some stocks better classified in the basic materials space are Agnico Eagle Mines Limited AEM, Nouvel Or inc. NGD and Barrick Gold Company 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 full 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 jumped 119.9% in the past year.
Barrick is forecasting a profit growth rate of 115.7% for 2020. Shares of the company have gained 53.9% in the past year.
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