DuPont Expands In Biotech Arena

$2.3 billion revenue expected by 2012
By GARY HABER, The News Journal

Next-generation alternative fuels, plant-derived ingredients for silkier skin lotions, and textiles made from a corn-based polymer that helps carpets shed stains are part of DuPont Co.'s expanding push into biological materials.

Sales from such bioscience products are expected to generate annual revenue of $2.3 billion in 2012, the company's executives told financial analysts and investors Tuesday.

"These are large opportunities with the potential for solid growth," Charles O. Holliday Jr., DuPont's chairman, said at a daylong conference at DuPont's Experimental Station research and development complex.

Holliday and other top executives laid out the strategy for DuPont's Applied BioSciences business and gave a glimpse of products already on the market or soon to come.
Delaware Online, Nov. 14, 2007