DuPont Teams With NexSteppe to Develop Biofuel Feedstocks
DuPont Co., the largest U.S. chemicals company by market value, has invested in closely held energy-crop company NexSteppe Inc. to develop feedstocks for biofuels and other bio-based products. NexSteppe develops breeding programs for sorghum and switchgrass, which can be converted into biofuel or burned at power plants. The company has developed sweet sorghum that’s now being used in commercial trials at ethanol mills in Brazil.
Source: Bloomberg, January 4, 2012