May 30

Chemical and science-based product giant DuPont expects to more than triple its solar power product sales in the next five years to meet increasing demand for renewable energy.

Charles O. Holliday, Jr., chairman and CEO, told attendees at a May 30 investors´ conference in New York that the company´s photovoltaic sales will top $1 billion within five years, up from about $300 million today. DuPont is developing products and technology for the photovoltaic and advanced biofuels, such as cellulosic ethanol, industries.

"We need to rethink the way we source and use energy and work to minimize the amount of carbon we put into the atmosphere," Holliday said.

Holliday spoke at the Sanford Bernstein Strategic Decisions Conference.

Contact Waste News senior reporter Joe Truini at (330) 865-6166 or jtruini@crain.com

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