Business Segments Focus on Innovation Creation to Accelerate Growth SAN FRANCISCO, Sept. 17
SAN FRANCISCO, Sept. 17 /PRNewswire-FirstCall/ -- DuPont (NYSE: DD)
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(TM) to drive genetic
gains in agriculture productivity and Optimum(R) GAT(R) 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 http://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.
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.
Links:
Pioneer website: http://www.pioneer.com/web/site/portal/
DuPont Photovoltaic fact sheet: http://tinyurl.com/67g8gs
DuPont Biofuels fact sheet: http://tinyurl.com/5hsus5
The DuPont Oval Logo, DuPont(TM), The miracles of science(TM), Accelerated
Yield Technology(TM) and Optimum(R) GAT(R) are registered trademarks or
trademarks of DuPont or its affiliates.
SOURCE DuPont
