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DowDuPont is moving away from large-scale research-and-development projects in favor of less risky initiatives costing $30 million or less, says CEO Edward Breen. DuPont’s decade-long effort to make ethanol from the inedible parts of the corn plant is an example. In November 2017 the company announced the end of the project. The  $200 million cellulosic ethanol plant in Nevada, Iowa, capable of churning out 30 million gallons a year of ethanol from corn stalks, leaves and cobs left in the field after harvest was put up for sale.

 

Source: Bloomberg Quint, 31 May 2018.

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