DuPont seeks cellulosic ethanol partners after $200 million investment in Iowa
In Delaware, DuPont is seeking partners for joint ventures for cellulosic ethanol production, including entities from the U.S., China, Brazil, Europe, and Southeast Asia. While potential partners remained unnamed, business director for biorefineries Jan Koninckx has indicated that interested parties include fuel companies and agribusinesses. “DuPont would take a minority stake and…we would basically take an active role in setting production up” in the joint ventures furthered Koninckx. The company is currently investing more than $200 million to build a cellulosic ethanol plant in Nevada, Iowa. Licensing agreements would include equipment and DuPont’s plant design, and DuPont would supply the enzymes needed to produce the fuel, Mr. Koninckx said.
Category: Fuels
