Chemical company DuPont brings solar energy technology investment up to $120m
21st August 2009
Chemical company DuPont will embark on a multi-phase production expansion for its DuPont Tedlar polyvinyl fluoride product line, as part of its clean energy expansion.
Site selections for this phase of the Tedlar capacity expansion are complete, and construction has begun for new monomer and resin facilities at the DuPont Louisville, Kentucky and Fayetteville, North Carolina sites, respectively. The facilities are scheduled to start up in mid-2010 and bring DuPont’s investment in the solar photovoltaic industry up to $120m.
Dave Miller, group vice president of DuPont, said, ‘This investment supports the significant increase in the global market demand for clean, renewable energy. Our capacity expansions are critical steps in growing the Tedlar business and maintaining our market leadership in back sheets for solar panels that deliver the long-term, reliable power supply that our customers have come to expect from their investment in renewable power generation.’
DuPont is anticipating a rapid growth in the photovoltaic market over the next few years, with this growth driving the demand for Tedlar. DuPont expects overall sales of its products in the photovoltaic industry will exceed $1bn by 2012.
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