Dupont looking to corner U.S.' cellulosic ethanol industry with acquisition of Dansico
DuPont already has a working joint venture with Danisco, with the two firms developing second-generation cellulosic ethanol at the joint-owned demonstration plant, but the planned acquisition would give DuPont full control. Danisco makes enzymes that enable biomass – e.g., straw husks, switchgrass and sugarcane – to be broken down and fermented into usable ethanol.
Cellulosic ethanol is thought to be one of the more promising long-term alternatives to petroleum-based fuels because, unlike corn-based ethanol, it can be made from agricultural waste, avoiding competition with the food industry over edible crops.
[Source: Financial Times]
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