DuPont plans generate $ 1 billion in revenues from bio-based offerings

DuPont plans to generate $ 1 billion in revenues from bio-based offerings

4:37 PM, 8th June 2011
DuPont plans to generate $ 1 billion in revenues from bio-based offerings
Craig F Binetti, President, DuPont Applied BioSciences

NEW YORK, US: DuPont is uniquely positioned to deliver clean technology opportunities, including both advanced biomaterials and biofuels, Craig F Binetti, President, DuPont Applied BioSciences, 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. 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,” said Binetti.

 

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. “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,” informed Binetti.  

 

DuPont has an extensive biomaterials portfolio that ranges from renewably sourced monomers and polymers and advanced biomedical materials. “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,” said Binetti.

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