Flotek, Solazyme join to offer drilling fluid additive in Middle East

Flotek Industries Inc. (NYSE:FTK) and Solazyme Inc. (NASDAQ:SZYM) have agreed to globally commercialize Flocapso, a biodegradable encapsulated lubricant for drilling fluids, in certain Middle Eastern markets.

Apr 16th, 2015

Offshore staff

HOUSTON – Flotek Industries Inc. (NYSE:FTK) and Solazyme Inc. (NASDAQ:SZYM) have agreed to globally commercialize Flocapso, a biodegradable encapsulated lubricant for drilling fluids, in certain Middle Eastern markets.

Under the joint product development and marketing agreement, Flotek and Solazyme will commercialize and market Flocapso, a proprietary formulation combining Flotek’s patented Complex nano-Fluid chemistries with Solazyme’s proprietary Encapso technology.

04/16/2015

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