DuPont News, February 25, 2011
DuPont Leader: Renewables at the Heart of Clean Technology Market Opportunity
DuPont is uniquely positioned to deliver clean technology opportunities, including both advanced biomaterials and biofuels, DuPont Applied BioSciences President Craig Binetti
said yesterday at the Jeffries 11th Annual Clean Technology Conference.
“We are meeting the growing demand for reducing dependence on fossil fuels by harnessing the full innovation capabilities of our scientists and our partners,” Craig said. “This creates a powerhouse of industrial biotechnology and clean technology businesses with a goal of generating $1 billion in revenues and more than $250 million in earnings by 2015 from our extensive portfolio of renewable materials and fuel technologies.”
|DuPont research scientists work to reduce dependence on fossil fuels. From left to right, microbiologist Dr. Lori Maggio-Hall, biochemist Annette Howard and molecular biologist Joseph Tuminello at work in a biobutanol molecular biology lab.
DuPont estimates the biofuels industry worldwide will grow from a $50 billion opportunity today to a $75 billion opportunity by 2015. The company has ongoing efforts to develop both fuels from renewable non-food biomass, cellulosic ethanol, and a drop-in biofuel, biobutanol, that behaves similar to gasoline.
DuPont also has an extensive biomaterials portfolio that ranges from renewably sourced monomers and polymers, such as Bio-PDO™ and Sorona®, to Omega-3 fatty acids and advanced biomedical materials.
“Our biomaterials portfolio is a unique combination of market-based initiatives,” Craig said. “Our products have superior performance, are cost effective and are renewable, giving us the opportunity to penetrate large addressable markets in flooring, apparel, automotive and packaging.”
For more details, read the news release.