03 June 2010 05:38 [Source: ICIS news]
SINGAPORE (ICIS news)--US chemicals major DuPont is inceasing its investments to meet the growing demand of the renewable energy sector, a senior company executive said on Thursday.
The company wants to capitalize on “significant market opportunities” in the alternative energy sector through investments in manufacturing as well as materials and technology development, DuPont’s executive vice president and chief innovation officer, Tom Connelly said in a statement.
“We are investing in greater production capability to help keep pace with the fast rising global demand,” Connelly said, but gave no figures.
“Generating and storing renewable sources of energy will be the fastest growing sector in the energy market for the next 20 years,” he added.
DuPont is also in a good position to bring new technologies for future growth in traditional crystalline silicon and emerging thin film photovoltaic segments, Connelly said.
The company currently produces energy-efficient materials as well as photovoltaics, biomaterials and fuel cell components for the alternative energy markets, he added.
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