San Francisco, California
September 18, 2008
 DuPont Executive Vice President Thomas M. Connelly, Jr. told
investors today that DuPont is executing its strategy for
accelerated growth by capitalizing on the alignment of its
scientific innovation with significant market opportunities in
agriculture, biofuels, bio-based materials, renewable energy and
safety and protection.
“Never before in our history have we seen an opportunity where
DuPont innovation is positioned to deliver across so many
businesses in such diverse markets,” Connelly said. “These are
dynamic times when market access and innovation momentum are key
to delivering transformative products and technologies.”
Connelly reviewed how critical innovation is to increasing
global production agriculture and discussed how the DuPont
Agriculture & Nutrition business segment is positioned to
bringing solutions to farmers around the world. The DuPont
Pioneer Hi-Bred business is
targeting a 40 percent increase in yields from both its soybean
and corn seed products in the next 10 years. Those advancements
include Accelerated Yield Technology™ to drive genetic gains in
agriculture productivity and Optimum® GAT® next generation
herbicide trait for corn and soybeans. Other pipeline products
include transgenic drought tolerance and nitrogen use efficiency
traits.
The DuPont Applied BioSciences business has announced
significant advancements toward commercialization of the
biofuels portfolio this year. “The formation of the
DuPont Danisco
Cellulosic Ethanol LLC joint venture created the world’s
first, robust and economic integrated solution for cellulosic
ethanol conversion,” Connelly said.
The joint venture is a $140 million investment over the next
three years. The first capital investment is a partnership with
the University of Tennessee to construct a pilot plant in
Venore, Tenn. Construction of the pilot is expected to begin
next month and the facility is expected to be operational in
2009. Scale-up of the technology package for conversion of corn
cobs and switchgrass to ethanol will be completed at the pilot
facility, allowing for commercial introduction without the need
for demonstration scale testing.
“This is an extraordinary time where it is critical that we use
our best scientific tools to deliver sustainable and
transformative technologies to the global markets in which
DuPont operates,” Connelly said. “The examples provided today
demonstrate some of our biggest near-term growth opportunities,
but there are many more including our Safety & Protection
business segment and the Photovoltaic Solutions business.”
Today’s presentation can be found at the Investor Center of the
company’s website at
www.dupont.com.
DuPont is a science-based products and services company.
Founded in 1802, DuPont puts science to work by creating
sustainable solutions essential to a better, safer, healthier
life for people everywhere. Operating in more than 70 countries,
DuPont offers a wide range of innovative products and services
for markets including agriculture and food; building and
construction; communications; and transportation.
The DuPont Oval Logo, DuPont™, The miracles of science™,
Accelerated Yield Technology™ and Optimum® GAT® are registered
trademarks or trademarks of DuPont or its affiliates. |
|
