DuPont sees opportunity for energy diversification in oil-based economies
Speaking at the World Economic Forum meeting for the Middle East and North of Africa, Ian Hudson, DuPont President for Europe, the Middle East and Africa, commented on the strategies that countries in the region are implementing to bring energy intensive industries into their countries.
“These strategies will bring growth to the region, but they will also bring challenges, notably related to energy availability. There is an opportunity to move towards an early adoption of energy strategies which will satisfy those demands, but will also contribute to the regional diversification of energy production. The region should not only depend on increasing production capacities of existing natural resources, like oil or natural gas, but also boost energy efficiency capabilities across industry sectors and invest in renewable energies”, commented Ian Hudson.
Today’s challenge is about finding secure, environmentally-sustainable and affordable energy sources. The World Energy Outlook predicts energy consumption will increase by 60% in the next 25 years, with most of this growth occurring in developing countries. The share of renewable energy will grow to and remain at approximately 15%. Generating and storing renewable energy will be the fastest growing sector in the energy market for the next 20 years.
DuPont is well positioned for accelerated and sustainable growth in the Middle East and North Africa region, which represents one of the fastest growing markets for the company. In the past two decades, DuPont has focused on the development of base infrastructure, localized technology exchanges, research collaborations and regional governmental authority cooperation.
DuPont has a history in energy conservation, has many products that help improve energy efficiency in the construction and auto industries, and solutions across alternative energy applications
Alternative energy: photovoltaics, biofuels, wind energy (encapsulating components of generators), fuel cells.
Renewably sourced products: chemistry, materials science, and chemical engineering make renewably sourced products that are applied across numerous industries and markets: carpeting, fabrics for apparel and interiors, personal care products, automotive components, liquid detergents, food packaging and antifreeze.
Energy efficient products: sustainable construction (roofliners with Elvaloy®, Tyvek® weatherization systems, developing environmentally better and more energy efficient refrigerant compounds, metal car parts replaced by DuPont resins contribute to weight reduction, fuel savings and CO2 emission reductions.
DuPont (www.dupont.com) is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 90 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.