Dupont and Genencor announce new cellulosic ethanol plant

Genencor, a subsidiary of Danisco A/S, and DuPont have announced a joint venture that promises cheaper cellulosic ethanol. Both companies will be investing $140 million in a plant that will use sugarcane bagasses and corn stover, although other sources such as straw will be used in the near future. A pilot plant will be ready by 2009. The joint venture integrates the proprietary DuPont pretreatment and ethanologen technologies with the innovative enzyme technology of Genencor. Cellulosic ethanol is expected to be a $75 billion market in the following years.

[Source: Dupont Danisco via Energías Renovables]