DuPont de Nemours, Inc. (DD - Free Report) recently announced that DuPont Water Solutions inked an exclusive global partnership with DIC Corporation and Sun Chemical, to introduce membrane degasification modules to market.
The degasification of liquids is critical to various water treatment processes including, oil and gas production, industrial demineralization, pharmaceutical production, drinking water treatment and microelectronics production. Ligasep membrane degassing modules are part of DuPont’s portfolio of water purification and separation technologies. It includes reverse osmosis, ultra-filtration and ion exchange resins.
The Ligasep product line uses a polymethylpentene hollow fiber membrane that removes dissolved gases from water, including carbon dioxide and oxygen. This prevents oxidation and reduces the ionic load on downstream processing equipment. The control of these gasses is vital for production of high-quality water used in the industrial manufacturing, power generation and semiconductor industries.
Further, the partnership supports DuPont’s goal to boost access of products and technologies required to address global challenges, including the increasing need to generate clean water while reducing the energy requirements to recycle water.
DuPont’s shares have lost 3.3% year to date compared with 8.4% decline recorded by the industry.
Zacks Rank & Key Picks
DuPont currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Kinross Gold Corporation (KGC - Free Report) , Eldorado Gold Corporation (EGO - Free Report) and Yamana Gold Inc. (AUY - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Kinross has an expected earnings growth rate of 100% for 2020. The company’s shares have surged 79.7% in the past year.
Eldorado Gold has an expected earnings growth rate of 2,325% for 2020. Its shares have returned 26.9% in the past year.
Yamana has an expected earnings growth rate of 76.9% for 2020. The company’s shares have soared 77.6% in the past year.
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