Science Company DuPont & ingredients company Tate & Lyle Chief Executives share their visions for Bio-Based Economy.

A new $100 million plant under construction here will create 50 new manufacturing jobs and help create a bio-based economy that will help reduce U.S. reliance on foreign oil by using renewable resources to make high performance products and energy, DuPont Chairman and CEO Charles O. Holliday, Jr. and Tate & Lyle PLC Chief Executive Iain Ferguson said.

DuPont and Tate & Lyle have formed a joint venture to build the plant, which will use renewable resources to replace petrochemical-based products. DuPont and Tate & Lyle scientists have developed a new method to use corn to produce 1,3 propanediol (PDO). This new product, Bio-PDO, is a key ingredient in the production of DuPont Sorona, the newest DuPont polymer for clothing, carpeting, plastics and many other possible uses.

The production of Bio-PDO consumes 30-40 percent less energy than petroleum-based PDO (on a per pound basis). Production of 100 million pounds of Bio-PDO in the Loudon plant will save the equivalent of 10 million gallons of gasoline per year.

"The world is in a position today where they can no longer afford to rely solely on oil and oil-derived products to sustain us," DuPont’s Holliday said. "Biology-based solutions offer us the opportunity to transform economies by creating new, high-performance bio-materials that use less energy to manufacture, are preferred by company customers and are better for the long-term health of the economy and the environment."

"They think the time for corn is now and that they are ideally placed to bring this new bio-based material to market," said Tate & Lyle’s Ferguson. "Bio-PDO delivers on green credentials and meets both the environmental and economic need to reduce oil-dependency. The corn fields of today will be the oilfields of the future and they believe that joint venture, due on stream next calendar year, is well matched to meet the demands of the current climate."

"This $100 million investment by DuPont and Tate & Lyle will help keep state on the cutting edge for biotechnology-related industry," said Tennessee Governor Phil Bredsen. "I''m also pleased to see new manufacturing jobs created in East Tennessee, and that these new products will be focused around renewable resources."

The U.S Environmental Protection Agency presented DuPont with its annual "Presidential Green Chemistry Award" in 2003 for the company’s research leading to the development of the Bio-PDO process.

World leading renewable ingredients manufacturer Tate & Lyle uses innovative technology to transform corn, wheat and sugar into value-added ingredients for customers in the food, beverage, pharmaceutical, cosmetic, paper, packaging and building industries.

The Company is a leader in cereal sweeteners and starches, sugar refining, value added food and industrial ingredients, and citric acid. Tate & Lyle is the world number-one in industrial starches and is the sole manufacturer of SPLENDA Sucralose.

DuPont is a science company. Founded in 1802, DuPont puts science to work by solving problems and creating solutions that make people''s lives better, safer and easier. Operating in more than 70 countries, the company offers a wide range of products and services to markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.
 
Tate & Lyle