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TRANSCRIPT
Progress in Building an Industrial
Biotechnology Powerhouse
December 8, 2014
Karl J Sanford
DuPont
Palo Alto, CA 94304
© 2007 E.I. du Pont de Nemours and Company. All Rights Reserved.
Our Strategic Priorities
2
Our strategy is to be a premier market-driven science company and generate
superior shareholder returns.
AGRICULTURE &
NUTRITION
BIOBASED
MATERIALS
ADVANCED
MATERIALS
© 2007 E.I. du Pont de Nemours and Company. All Rights Reserved.
The Future is Now – Execute the Plan
© 2007 E.I. du Pont de Nemours and Company. All Rights Reserved.
The Future of 1st Generation Ethanol
Mainstream:
ethanol is becoming fuel, not only biofuel
• A growing market & industry
• Supplied with increasing productivity from field to fuel tank
• Driven by technology improvements
• Commodity CyclicalityReference: Exhibit 1 from
“Global Ethanol Markets”;
Credit Suisse; July 11, 2014
Global Ethanol Demand Forecast
Credit Suisse July 2014
© 2007 E.I. du Pont de Nemours and Company. All Rights Reserved.
DuPont Cellulosic Ethanol
DISTRIBUTION
Ethanol for transportation fuels
Ethanol for laundry formulations
Lignin co-products for energy
CONVERSION
Pre-processing
Fermentation
Recovery
FEEDSTOCK
Non-food biomass
Collected from local
farms
© 2007 E.I. du Pont de Nemours and Company. All Rights Reserved.
The Future of 2nd Generation Ethanol:
Global Biofuels Feedstocks and Opportunity
US: Corn Stover
US: Energy
Crops
China:
Corn Stover
ASEAN: EFB
South America:
Bagasse & Straw
China:
Energy Crop
EU: Straw &
Energy Crop
© 2007 E.I. du Pont de Nemours and Company. All Rights Reserved.
The Petrochemical Industry on One Slide
The source of the Building Blocks is not renewable
Oil &
Natural Gas
Building
Blocks(small simple
molecules)
Intermediates(Bigger or more
functionalized
molecules)
Polymers(Really big
molecules)
Oil & Gas
Companies
Exploration/
Recovery Refining
Chemical
Companies
Chemicals/
MonomersPolymers
Stuff That People Want
(Fibers, films, fuels, solvents, molded articles…
Millions of Years ago…..
Sun
Plants/
Diatoms
GeologicalProcess
© 2007 E.I. du Pont de Nemours and Company. All Rights Reserved.
The Renewably Sourced Materials Industry on One Slide
The source of the Building Blocks is renewable
Feedstocks(carbohydrates,
oils, proteins)
Building
Blocks(small simple
molecules)
Intermediates(Bigger or more
functionalized
molecules)
Polymers(Really big
molecules)
Ag
Processors
Milling/
Digestion
Fermentation &/or
Thermochemistry
DuPont
Chemicals/
MonomersPolymers
Stuff That People Want
(Fibers, films, fuels, solvents, molded articles…
Sun
Crops
Farmers
Last week…..
© 2007 E.I. du Pont de Nemours and Company. All Rights Reserved.
Acknowledgements:
Michael Saltzberg
Jan Koninckx