DuPont’s growth fueled by alternative energy market

Wilmington, Del., U.S.A.-based DuPont is accelerating its investments, driving innovation and commercializing market-leading products all to capitalize on significant market opportunities in the alternative energy sector, DuPont Executive Vice President and Chief Innovation Officer Thomas M. Connelly told investors at the Credit Suisse Future of Energy Conference. “Generating and storing renewable sources of energy will be the fastest growing sector in the energy market for the next 20 years,” said Connelly. The company has set goals for the Applied BioSciences business of US$1 billion in revenue and US$250 million in pre-tax earnings by 2015. The business will do this by achieving strong growth in its BioMaterials and BioFuels units. (June 3, 2010)