Bio-Based Materials Vice President John Ranieri Speaks at CleanTech
Conference
NEW YORK, May 16 /PRNewswire-FirstCall/ -- At a conference for
investors here today, DuPont Bio-Based Materials Vice President & General
Manager John Ranieri said the company's strategy for growth in alternative
energy technologies is based on a solid product portfolio and a unique
pipeline of new technologies that are supported by a strong intellectual
property estate.
"The world needs new sources of clean energy now," Ranieri said.
"Alternative energy is already an important market segment across several
of our commercial product offerings, and we have strong pipelines that will
further drive growth into alternative energy markets."
DuPont's broad-based alternative energy portfolio includes:
Photovoltaic Technologies: DuPont supplies eight of the nine key
materials used in a solar panel. These products include conductive pastes
and high-performance films that help the panel achieve higher power output
and long life. Ranieri indicated DuPont will invest approximately $100
million in the continued development of products and technologies for solar
cells and panels.
Biofuels: Last month DuPont announced the creation of a Biofuels
business unit to deliver commercial products and pipeline opportunities to
the biofuels market. This business includes the Pioneer Industry Select(R)
program that is marketing 135 corn hybrids this season to improve the yield
potential of grain ethanol production; the Integrated BioRefinery research
program to develop technologies to convert entire corn plants and other
cellulosic plant material into ethanol; and a research pipeline to
accelerate commercialization of alternative biofuels technologies. DuPont
sales to biofuels markets have more than doubled over the past five years
to more than $300 million.
Crop Genetics: "Over the past decade, agricultural biotechnology has
emerged as a high value-driving technology in major crops such as corn,
soybeans and cotton," Ranieri said. "Given growing market needs for energy
alternatives, energy security and environmental sustainability, we believe
the growth opportunities from Pioneer's position as a leader in seed
genomics can begin to meet the growing demand for agricultural feedstocks
that will be used to create new bio-based products."
Fuel Cells: DuPont's product offering includes advanced materials such
as DuPont(TM) Nafion(R) perfluorinated membranes, which have been used in
fuel cells for more than 35 years, as well as high-performance membrane
electrode assemblies (MEAs). DuPont is active in the development of both
hydrogen and direct methanol fuel cell technology.
DuPont owns one of the world's largest patent estates in biotechnology,
covering both the rapidly growing agricultural sector and the emerging
industrial sectors, and currently ranks second among patent holders in this
area.
"The growth potential from the pipeline outlined today is the result of
the company's commitment to biotechnology and its market focus to deliver
high-performance products that utilize clean energy technologies," said
Ranieri.
DuPont (NYSE: DD) is a science 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, nutrition, electronics, communications,
safety and protection, home and construction, transportation and apparel.
Forward-Looking Statements: This news release contains forward-looking
statements based on management's current expectations, estimates and
projections. All statements that address expectations or projections about
the future, including statements about the company's strategy for growth,
product development, market position, expected expenditures and financial
results are forward-looking statements. Some of the forward-looking
statements may be identified by words like "expects," "anticipates,"
"plans," "intends," "projects," "indicates," and similar expressions. These
statements are not guarantees of future performance and involve a number of
risks, uncertainties and assumptions. Many factors, including those
discussed more fully elsewhere in this release and in DuPont's filings with
the Securities and Exchange Commission, particularly its latest annual
report on Form 10-K, as well as others, could cause results to differ
materially from those stated. These factors include, but are not limited to
changes in the laws, regulations, policies and economic conditions of
countries in which the company does business; competitive pressures;
successful integration of structural changes, including acquisitions,
divestitures and alliances; research and development of new products,
including regulatory approval and market acceptance, and seasonality of
sales of agricultural products.
The DuPont Oval Logo, DuPont(TM), The miracles of science(TM),
Nafion(R) and Pioneer Industry Select(R) are registered trademarks or
trademarks of DuPont or its affiliates.
SOURCE DuPont
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Related links:
http://www.dupont.com/
CONTACT:
Michelle Reardon of DuPont, +1-302-774-7447,
or michelle.s.reardon@usa.dupont.com
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