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achieve large-scale commercial applications. The joint venture is expected to have cellulosic ethaninvest in equity to promote the joint venture company's cellulosic ethanol technology to quickly partners will select some strategic partners, including ethanol producers and energy companies, to lso establish regional partnerships to promote the commercial production of ethanol. These affiliateolutions to ethanol producers in the United States and around the world. At the same time, it will ated States. <br><br> The joint venture company will directly grant the right to use the technology sd after obtaining the approval of the regulatory agency. The headquarters will be located in the Uniut into operation within the next three years. The joint venture company will be formally establishenited States in 2009, and its first large-scale commercial demonstration project is expected to be pr DuPont. The first pilot of this global joint venture is expected to be put into operation in the Ud analysis of cellulose raw material collection and storage technologies. It is still responsible fotechnology to form an integrated optimization technology program for corn cob processing, and relate pretreatment and ethanol fermentation technologies and Genencor's innovative enzyme production within 3 years <br><br> In the United States, the joint venture company will integrate DuPont'seducing Overall production cost. <br><br> The first demonstration project will be put into operatione technological solution, and maximizing the productivity of ethanol production from cellulose and r to joint venture companies, thereby optimizing the integration of multiple processes into a completparent companies will assign intellectual property rights and patents relating to cellulosic ethanolabilities of both parties and achieve a more economical goal of producing non-food ethanol. The two y the two parent companies to accelerate the pace of integrating the unique cellulose processing caplulose Ethanol Co., Ltd. will make full use of the many scientists and advanced technologies owned bof cellulosic ethanol from a variety of non-grain raw materials globally. <br><br> DuPont Danisk Celase the possibility that the two companies will more quickly achieve the more economical production e advantages and expertise of the two parties to establish this new joint venture will greatly increperative. The establishment of this joint venture is precisely to solve this problem. Integrating thsoline prices skyrocketing in double digits, the development of sustainable biofuel technology is imother biomass. <br><br> Mr. Hellett, chairman and chief executive of DuPont, said: With grain and ganversion of various lignocellulosic raw materials, including wheat straw, various energy crops, and on of ethanol from corn stover and bagasse. In the future, research will also be conducted on the coS$140 million in the first phase in three years to develop a technological solution for the productinon-food feedstocks. It is imperative to develop sustainable biofuels. Both parties plan to invest Uenergy business opportunities. Cellulose ethanol is the next generation of biofuels, produced using nd low-cost technology solution for cellulosic ethanol production to face the global $75 billion in The global joint venture will be committed to the development of a commercially valuable, advanced aounced the formation of DuPont Danisco Cellulose Ethanol Co., Ltd., each holding 50% of the shares. hanol. <br><br> The global chemical giant Dupont and Genencor, a subsidiary of Danisco, recently anndomestic and foreign companies are aiming to develop second-generation ethanol such as cellulosic etbusiness opportunities for non-grain raw materials to produce ethanol are limited. At present, many in short supply. The tight global food supply has restricted the development of grain ethanol. The International crude oil prices have skyrocketed, and domestic and international energy resources are
