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BASF forms a partnership with Bio-Gene Technology to advance Flavocide pest control technology

BASF forms a partnership with Bio-Gene Technology to advance Flavocide pest control technology
BASF forms a partnership with Bio-Gene Technology to advance Flavocide pest control technology
In a bid to implement the Flavocide technology of Bio-Gene for its stored grain pest control all over Australia, BASF, one of the leading chemical company globally has announced the formation of a partnership with Bio-Gene Technology (ASX: BGT).

As per reports, to contribute with both expertise as well as funding, the Department of Agriculture & Fisheries (DAF) of Queensland Government has said that it will work with BASF to carry out the research.

BASF will study and base its new research on the previously done study by Bio-Gene in which the latter experimented by combining Flavocide with its existing chemistries to create a solution to successfully controlled several different pests.

As per a statement given by a Bio-Gene official, to begin residual performance testing of the formulations it will roughly take another 12 months for the study to be completed.

As per reports, BASF will be rewarded with first rights to negotiate a commercial deal and decide on how to market the product in Australia for its valuable funding and contributions.

Furthermore, sources close to the matter have revealed that the duo has held discussions to evaluate further market opportunities for possible future collaborations.

Speaking on the announcement, Richard Jagger, the Chief Executive Officer and managing director of Bio-Gene stated that this agreement marks a huge milestone for Bio-Gene.

According to Jagger, he said that by combining all the resources of DAF and BASF, we feel really positive and believe to have assembled a team of highly motivated experts to carry out the project.

Jagger concluded his statement by saying that this partnership with BASF will reap huge benefits for Bio-Gene as the latter is known as one of the leading developers worldwide of new chemistry to the agriculture sector plus BASF’s support services and access to market channels is another major benefit.