Saving Earth, Saving Money
Yes, we absolutely see the biofuels market as an important one to play in. We've been doing a lot of R&D, and we've partnered with [oil company] BP. We think the growth of alternative fuels-biofuels particularly-is going to be big. [Biobutanol] can be transported through a pipeline, it can be mixed with ethanol, and it can be mixed with diesel. We also see growth opportunities in photovoltaics, materials for solar panels.
Big players like DuPont, Goldman Sachs, and BP are all calling for action on climate change. What role will business play in prodding Washington on this issue?
I think the challenges of developing a workable policy in a way that will lead to economic growth and deal with environmental issues will require the best minds in government and industry. It is unlike any other environmental challenge that we have tackled because it is so multifaceted.
By pouring money into solar panels, biofuels, and energy efficiency products, is DuPont betting on a change in the world's main energy resources?
Absolutely. We need to change our fuel mix, but we also need to become more fuel efficient, more energy efficient. Our new biofuels business is a good example. And next year we will begin to operate a plant where we will make a polymer from corn as opposed to petroleum. It can be used in carpets and fabrics.
Is the world ready to start wearing corn-based clothing?
Well, there used to be natural fabric people, and there used to be synthetic fiber people. Now we're going to have something for everyone. We've taken it full circle.
advertisement
