Sumitomo Chemical and BASF enter into a collaboration agreement for the development of a new fungicide. The fungicidal compound, discovered by Sumitomo Chemical, reportedly demonstrates high efficacy for the control of major plant diseases, including those that have developed resistance to other available fungicides.
The fungicide will be a new tool to secure yields in crops where fungicide options are limited. “Farmers want to grow healthy crops and sustainably supply the increasing demand for food and fiber. This strategic cooperation between BASF and Sumitomo Chemical demonstrates the two companies’ commitment in investing in solutions to help farmers manage their business,’’ says Markus Heldt, president of BASF’s Crop Protection division.
The companies plan to separately develop unique formulations with the new compound to complement their portfolios. Commercialization of the companies’ respective formulations is expected to begin following their registrations and regulatory approval from relevant authorities. Registration submissions in major markets are planned from 2018 onwards. The companies intend to make their products available worldwide. Additional terms and conditions of the agreement were not disclosed.
For more information, visit: www.basf.com
