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DuPont Sees $2.3 Billion Bio-Based Revenue Opportunity By 2012

DuPont Co. (DD) is targeting about $2.3 billion in revenue by 2012 from its push to make more products from renewable sources, the company announced Tuesday.

DuPont also said it has organized the broad effort into a segment called DuPont Applied BioSciences.

Two years ago, Chief Executive Charles Holliday estimated the net present value of DuPont's bio-based materials push at about $3 billion, meaning that's how much the company thought future products - including biofuels - were worth at the time.




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Source: cnn.com
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