US chemical company DuPont (NYSE: DD) expects to increase net annual revenues some US$2bn by 2015 thanks to new products that reduce greenhouse gas emissions and to reach at least US$8bn in revenues from renewable raw materials, DuPont's global business director for sustainable packaging, Shanna Moore, told BNamericas.
"We also want to help our clients reduce their emissions by teaching them how to use technology and creating new products that are better for the environment," Moore said, stressing the company's sustainability goals for 2015.
According to the executive, Latin America is a great potential market for the company as DuPont expects emerging regions to generate half of its sales growth over the next two years. "The company is looking to the opportunities here, as we have a lot of learning to share about development of new products based on renewable resources," she said.
As an example, DuPont is introducing to the Brazilian market a corn starch-based thermoplastic polymer, which is made of 90% renewable material. The product's performance compares to polystyrene (PS) and polyvinyl chloride (PVC) in transformed products, such as food and cosmetics packaging, the company said.
According to DuPont, the corn starch polymer can also replace polypropylene (PP) and polyethylene terephthalate (PET) in several applications, as long as the packaging, for example, is in contact with low moisture products and has a short life cycle.
Delaware-based DuPont posted revenues of US$30.7bn last year and earnings of US$2.99bn.
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