UAE remains key market for solar energy technology with pioneering projects including the world's largest concentrated solar power plant
(prHWY.com) March 31, 2013 - Dubai, United Arab Emirates -- Dubai, UAE, March 28th, 2013 - Innovative science, private sector investment and public-private collaboration are the foundation for harnessing new sources of energy, said DuPont Chair and CEO Ellen Kullman.
In the area of solar energy, DuPont offers the broadest portfolio of specialty materials for the photovoltaic industry globally, while its expertise in material science is crucial in developing and bringing to scale cost-effective sustainable solar energy. DuPont materials, which are in over half of the world's more than 400 million solar panels installed since 1975, improve the power output and reliable lifetime of solar panels, helping to reduce the overall cost of solar electricity and fuel its further adoption. The company is also commercializing advanced renewable fuels through its strength in bioscience.
DuPont has established a dominant presence in the area of solar energy with its innovative materials and UAE remains a leading market for sustainable energy technologies as the government intensifies investments in alternative energy sources such as the recently inaugurated Shams 1 project, the largest concentrated solar power plant (CSP) in operation in the world.
"Because of our long-term reliance on petroleum, there is no other challenge in greater need of innovation than our modern energy needs. The challenge we collectively face is how to make our energy mix more diverse, sustainable and cleaner, while assuring that the world has all the energy it needs to thrive. We are applying our science to enable new sources of energy in ways that make them accessible and affordable in global markets," said Ellen Kullman, DuPont Chair and CEO.
Ricardo Brahim, Oil & Gas Industry Leader, Middle East, DuPont, said: "The UAE and the rest of the Gulf Cooperation Council [GCC] region remain a focal point of DuPont's strategic expansion plans in the field of renewable energy because of the wide availability of solar energy resources in the region. DuPont is therefore working closely with key governmental and private institutions in the region to collaborate on vital energy projects that are sustainable and cost-effective. Leveraging DuPont's unrivalled expertise and resources, we look forward to opening new channels for the UAE and the GCC to harness the full potential of the region's abundant solar energy resources."
With global energy demand expected to double by 2050, DuPont has emphasized that scientific innovation is the key to building a varied energy supply. DuPont further outlined three essential elements that will make significant advances in energy: real energy solutions take time and investment and require collaboration; science has to be translated into business if it is going to result in solutions that actually make a difference; and a stable energy policy encourages R&D investment in novel and transformative energy technologies.
DuPont also is currently commercializing two advanced renewable fuels: cellulosic ethanol made from agricultural residues and dedicated energy crops such as switchgrass, and biobutanol - a high-performance "drop in" fuel fully compatible with the current fuel and vehicle systems.
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders, solutions can be developed to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit http://www.dupont.com