US DuPont to invest $300m in biofuels

13 November 2007 18:17  [Source: ICIS news]

HOUSTON (ICIS news)--US chemical major DuPont plans to make three equity investments in biofuels totaling $300m (€207m) in the next 12 to 18 months, the company said on Tuesday.

DuPont did not elaborate on the exact nature of the investments.

The investments are part of a regional plan that includes an option for biobutanol expansion, cellulosic-ethanol development and accelerating technological development, said company spokeswoman Michelle Reardon.

Reardon was quoting from a presentation that a DuPont executive made during an investor meeting.

($1.00 = €0.69)

By: Al Greenwood
+1 713 525 2653

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