On Wednesday, corporate leaders of the DuPont Corporation said that the well-known chemical sciences company is going to play a leading role in the development of biofuels, more efficient agricultural products, and other “green energy” issues.
“Global population growth, rising income, and demand for biofuels are driving increased demand for agricultural outputs. DuPont is uniquely positioned to meet that challenge due to our multi-discipline science, ability to leverage that science across different industries, and our broad market access and global reach,” said Chairman and CEO Charles O. Holliday, Jr.
“The synergies among agricultural biotechnology, biofuels, and biomaterials are creating potential game-changing solutions to the global challenges we face today and significant growth opportunities for DuPont,” added Executive Vice President & Chief Innovation Officer Thomas M. Connelly
“We are advancing a rich pipeline of new products to enhance yield and nutrition. The growth fundamentals in seed markets around the world are outstanding. As a result, we are accelerating our growth investments at a faster rate than the savings from our previously announced restructuring plan,” continued Group Vice President of DuPont Agriculture & Nutrition J. Erik Fyrwald.
Included in that pipeline are insect and fungal resistant species of corn, healthier soybean oil, and DuPont’s patented Rynaxypyr(TM) low-dosage insecticide.
American consumers have been demanding more nutrition from less food, as their hectic lifestyles often don’t leave them time to prepare elaborate meals. In addition, many members of the public are calling for more efficient use of farmland. Farmland is diminishing in the United States even as the demand for food is rising. But researchers and corporations such as DuPont are confident that, just as has already happened historically, technological developments can allow for less land producing more or more nourishing food.
The demand for biofuel is not going to shrink anytime soon. Biofuels are seen as one of the major alternatives to the fossil fuels of oil and coal. Biofuel is touted for being a more environmentally friendly and far less costly to find and produce renewable source of energy, as well as a cleaner-burning power giver. Biofuels are made from biomass like corn, soybeans, leaves, reeds, and wood waste.
Critics of the biofuel movement have cautioned that farmers are already being too-heavily subsidized by the federal government to give up a portion of their annual crop yields to the production of ethanol, which even some supporters of biofuel development see as an inefficient form of the substance which is still predominantly made up of gasoline produced from oil.
Some scientists have also warned that we won’t be able to depend too much on biofuel production because after a certain point the costs in lost or even damaged land from its production would greatly outweigh the benefits.
DuPont (PR Newswire), “DuPont Leaders Brief Investors on Agriculture Businesses”