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DuPont Leader: Renewables at the Heart of Clean Technology Market Opportunity
Date:2/24/2011

NEW YORK, Feb. 24, 2011 /PRNewswire/ -- DuPont (NYSE: DD) is uniquely positioned to deliver clean technology opportunities, including both advanced biomaterials and biofuels, DuPont Applied BioSciences President Craig F. Binetti told attendees 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," Binetti 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."

Biofuels:

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 Danisco Cellulosic Ethanol (DDCE) is the joint venture working to bring cellulosic ethanol technologies to market.  Butamax™ Advanced Biofuels, LLC is the DuPont-BP joint venture tasked with commercializing biobutanol.  

"Globally, approximately 600 new plants will be required in the next decade to meet the anticipated global demand for cellulosic biofuel, and we expect a significant share of these will use DDCE technology," Binetti said.

DDCE is focused on a commercialization model that includes licensing and selectiv
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SOURCE DuPont
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