Business > AmericasAP
Friday, May 16, 2008
WILMINGTON, Delaware -- DuPont executives said Wednesday that a new joint venture with a Danish comp
any will enable the production of an alternative fuel that costs less to manufacture than conventional ethanol and won't drive up food prices. Wilmington, Delaware-based DuPont has partnered with Genencor, a division of Danisco, to develop and commercialize cellulosic ethanol, which unlike traditional ethanol is not derived from food sources. The companies plan to invest US$140 million (euro90.7 million) in the U.S.-based venture over the next three years and hope to have a commercial-scale demonstration facility operating by 2012.
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