As a signatory of the Kyoto Protocol, the European Union (EU) has collectively committed to draw 5.75 percent of its energy used for transport from biofuels by 2010. This objective offers great prospects for the development of biofuels in the region.
The conference was attended by government officials and business and financial institution representatives from the region. "For innovation to be successfully introduced into the marketplace and accepted by society, it must be based on many forms of partnership and cooperation. DuPont is committed to developing renewable energy solutions with the right partners," Hartmut said.
In his speech on present and future prospects for renewable energy, Michael shared key milestones for DuPont in turning the "renewable opportunity" into reality. The commercialization of Bio-PDO™ with Tate & Lyle, the partnership with BP to develop biobutanol, the collaboration with the U.S. Department of Energy to create a bio-refinery, and the partnership with Broin Enterprises for cellulosic fermentation were examples used.