DuPont CEO supports idea of "Detroit Project", US Savings Bond funding for reinventing auto industry
December 03 2008 / by Garry Golden
Category: Transportation Year: 2012 Rating: 2
Earlier we made a bold forescast that an old industry giant, Johnson Controls, could become one of the most relevant (and greenest) companies in the 'new energy economy' as it delivers energy management solutions, and enables the transition to electric vehicles powered by batteries, fuel cells and capacitors.
Now we're adding DuPont to that list of companies to watch in the new energy economy.
A New Vision for American Competitiveness?
Speaking to an attentive crowd at the Detroit Economic Club, DuPont Chairman and CEO
"As industries shift to address the new reality, innovative, science-based products that provide the solutions must lead the way. Speed, agility and transformative science are needed today as never before. Success during this time is ultimately going to come down to two very key concepts: sustainability and competitiveness. Without sustainability, it will be hard for a business to remain competitive in the new reality."
The Detroit Project
Holliday also supported the proposal for the 'Detroit Project', a 'Manhattan Project' style effort to develop a new, energy-efficient vehicle that could achieve 75 miles per gallon. The U.S. Council on Competitiveness has proposed funding for the program to come from a U.S. savings bonds program to stimulate U.S. personal savings and provide financing for U.S. infrastructure investments like the Detroit Project.
Why DuPont? Does the Auto Industry need help from the World of Science?
DuPont is a giant in the materials science world, and that is exactly what Detroit and the world's auto industry needs. Breakthroughs in materials science that change the nature of vehicle design and performance, and can enable the industry to move beyond the manufacturing costs of the combustion engine.
DuPont can provide lighter structural materials (e.g. nanometal-polymer hybrid materials) to improve efficiencies, and materials components for modular energy storage systems (e.g. battery films, fuel cell membranes).
"If all of us with a stake in the auto industry join forces in a compelling way, we believe we can create a car of the future that could positively impact two things we care about today: the environment and the economy."
"The Detroit Project would redeploy the best, most dedicated people to a project that would deliver in less than two years a critical factor in the successful rejuvenation of the U.S. economy," Holliday said. "DuPont would be interested in participating in a project like this and we know other companies would join as well."
"The new reality is characterized by increased demand for natural resources while availability is decreasing," Holliday said. "Growth in demand for consumer durables, coupled with infrastructure needs in large, formerly constrained economies, is having an impact on both natural resources and food. The cost of everything that comes out of the ground has increased."
Source Chemistry Times
Related posts on The Energy Roadmap.com
Future of the US Auto Industry (multiple posts)
IBM’s Vision of Smart Planet Infrastructure
Kleiner invests in Smart Grid startup, ‘Big Grid’ prepares for disruptions ahead
Is Detroit asleep at the wheel?
Electric Vehicle Industry goes Global
France to spend millions on electric vehicles
Warren Buffet buys equity in China’s BYD