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DuPont, Bunge broaden soy collaboration

DuPont and Bunge today announced the expansion of the companies' soy collaboration beyond food and nutrition products to include industrial applications and biofuels.

"Over the three years of our collaboration, we have seen the interest in biofuel, industrial and feed sectors expand exponentially. We are making strides to bring products to market to meet the growing demand," said Erik Fyrwald, group vice president, DuPont Agriculture & Nutrition.

Carl Hausmann, president and CEO, Bunge North America, said, "This collaboration brings together the expertise and resources of two industry leaders that span the soybean value chain. We are excited about the potential of new soy products that will build on this success in the food sector and enable us to better serve feed and industrial customers including the growing soy biodiesel industry."

DuPont has a significant effort to deliver new technologies to the growing biofuels market, which includes improving biofuel production through improved seed and crop protection products; developing new technologies to allow conversion of cellulose to biofuels; and developing next-generation biofuels, including biobutanol. In addition to developing corn hybrids for ethanol, DuPont subsidiary Pioneer Hi-Bred International, Inc., is characterizing Pioneer brand soybean varieties for oil content to determine impact on biodiesel production.

To reflect the broader collaboration, DuPont and Bunge are launching Treus, the new brand name for the industry-leading family of soy products developed by the partnership that deliver enhanced nutrition, sustainability and functionality.

Low linolenic soybean oil produced from Pioneer brand soybean varieties, and previously marketed as Nutrium low linolenic soybean oil, will now be marketed by the Treus name.

The alliance between DuPont and Bunge is delivering contracting opportunities to farmers, establishing itself as a reliable source of high quality oil to meet the demand from food companies to reduce or eliminate trans fats from their products.

Acres planted with Pioneer brand low linolenic soybeans grew from about 35,000 in 2005 to nearly 200,000 in 2006, with plans to significantly increase acres in 2007 to meet growing customer demand. From a targeted base in Iowa in 2005, the geography has expanded each year and is projected to reach into eight states for the 2007 growing season -- including Iowa, Illinois, Indiana, Ohio, Michigan, Missouri, Pennsylvania and Wisconsin.

In addition, Pioneer is continuing to expand the line-up of low lin soybean varieties available in its high performing soybean product line. The product pipeline includes several new varieties for 2007 that can be grown across broader geographies and maturity zones. Pioneer brand low lin soybean varieties are offered as a part of the Pioneer IndustrySelect program, which helps farmers select hybrids or varieties specific to the end-use need.

Bunge is seeing strong demand for low linolenic soybean oil produced from Pioneer brand low lin soybeans. The company met 2005 production commitments to food companies; and is on target to meet 2006 commitments.

DuPont and Bunge today announced the expansion of the companies' soy collaboration beyond food and nutrition products to include industrial applications and biofuels.

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