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Wikipedia

DuPont

DuPont de Nemours, Inc., commonly shortened to DuPont, is an American multinational chemical company first formed in 1802 by French-American chemist and industrialist Éleuthère Irénée du Pont de Nemours. The company played a major role in the development of Delaware and first arose as a major supplier of gunpowder. DuPont developed many polymers such as Vespel, neoprene, nylon, Corian, Teflon, Mylar, Kapton, Kevlar, Zemdrain, M5 fiber, Nomex, Tyvek, Sorona, Corfam and Lycra in the 20th century, and its scientists developed many chemicals, most notably Freon (chlorofluorocarbons), for the refrigerant industry. It also developed synthetic pigments and paints including ChromaFlair.

DuPont de Nemours, Inc.
TypePublic
ISINUS26614N1028
IndustryChemicals
Predecessors
Founded
  • September 1, 2017; 5 years ago (2017-09-01) (as DowDuPont)
  • June 1, 2019 (2019-06-01) (as DuPont)
HeadquartersWilmington, Delaware, USA
Area served
Global
Key people
Edward D. Breen
(executive chairman & CEO)
Revenue US$16.65 billion (2021)
US$2.20 billion (2021)
US$6.52 billion (2021)
Total assets US$45.71 billion (2021)
Total equity US$26.43 billion (2021)
Number of employees
c. 28,000 (2021)
Websitewww.dupont.com
Footnotes / references
[1]

In 2015, DuPont and the Dow Chemical Company agreed to a reorganization plan in which the two companies would merge and split into three. As a merged entity, DuPont simultaneously acquired Dow and renamed itself to DowDuPont on August 31, 2017, and after 18 months spin off the merged entity's material science divisions into a new corporate entity bearing Dow Chemical's name and agribusiness divisions into the newly-created Corteva; DowDuPont reverted its name to DuPont and kept the specialty products divisions. Prior to the spinoffs it was the world's largest chemical company in terms of sales. The merger has been reported to be worth an estimated $130 billion.[2][3][4] The present DuPont, as prior to the merger, is headquartered in Wilmington, Delaware, in the state where it is incorporated.[5][3][4][6][7]

History

DuPont (1802-2017)
 
TypePublic
NYSE: DD
IndustryChemicals
FoundedJuly 1802; 220 years ago (1802-07)
FounderÉleuthère Irénée du Pont
DefunctAugust 31, 2017; 5 years ago (2017-08-31)
FateMerged with Dow Chemical to form DowDuPont, which later split into three companies
SuccessorDow Chemical (Materials)
DuPont (Specialty products)
Corteva (Agricultural products)
HeadquartersWilmington, ,
Area served
90 countries[8]
Products
3,040,000,000 (2010)  
Number of employees
98,000 (2020)  
Subsidiaries
Subsidiaries list
Websitedupont.com

1802 to 1902 – First Century of Business

DuPont was founded in 1802 by Éleuthère Irénée du Pont, using capital raised in France and gunpowder machinery imported from France. He started the company at the Eleutherian Mills, on the Brandywine Creek, near Wilmington, Delaware, two years after du Pont and his family left France to escape the French Revolution and religious persecution against Huguenot Protestants. The company began as a manufacturer of gunpowder, as du Pont noticed that the industry in North America was lagging behind Europe. The company grew quickly, and by the mid-19th century had become the largest supplier of gunpowder to the United States military, supplying one-third to one-half the powder used by the Union Army during the American Civil War. The Eleutherian Mills site is now a museum and a National Historic Landmark.[9][10]

1902 to 1912 – First major expansion

DuPont continued to expand, moving into the production of dynamite and smokeless powder. In 1902, DuPont's president, Eugene du Pont, died, and the surviving partners sold the company to three great-grandsons of the original founder. Charles Lee Reese was appointed as director and the company began centralizing their research departments.[11] The company subsequently purchased several smaller chemical companies; in 1912 these actions generated government scrutiny under the Sherman Antitrust Act. The courts declared that the company's dominance of the explosives business constituted a monopoly and ordered divestment. The court ruling resulted in the creation of the Hercules Powder Company (later Hercules Inc. and now part of Ashland Inc.) and the Atlas Powder Company (purchased by Imperial Chemical Industries (ICI) and now part of AkzoNobel).[12] At the time of divestment, DuPont retained the single-base nitrocellulose powders, while Hercules held the double-base powders combining nitrocellulose and nitroglycerine. DuPont subsequently developed the Improved Military Rifle (IMR) line of smokeless powders.[13]

In 1910, DuPont published a brochure entitled "Farming with Dynamite". The pamphlet was instructional, outlining the benefits to using their dynamite products on stumps and various other obstacles that would be easier to remove with dynamite as opposed to other more conventional and inefficient means.[14]

DuPont also established two of the first industrial laboratories in the United States, where they began the work on cellulose chemistry, lacquers and other non-explosive products. DuPont Central Research was established at the DuPont Experimental Station, across the Brandywine Creek from the original powder mills.

1913 to 1919 – Investments into General Motors

In 1914, Pierre S. du Pont invested in the fledgling automobile industry, buying stock in General Motors (GM). The following year he was invited to be on GM's board of directors and would eventually be appointed the company's chairman. The DuPont company would assist the struggling automobile company further with a $25 million purchase of GM stock ($669,654,605 in 2021 dollars [15]). In 1920, Pierre S. du Pont was elected president of General Motors. Under du Pont's leadership, GM became the number one automobile company in the world. However, in 1957, because of DuPont's influence within GM, further action under the Clayton Antitrust Act forced DuPont to divest its shares of General Motors.

1920 to 1940 – Major breakthroughs

 
A marker outside DuPont's Belle Plant in Dupont City, West Virginia, where ammonia was first synthesized for commercial use.
 
DuPont's Orlon plant in Camden, South Carolina, c. 1950s

In the 1920s, DuPont continued its emphasis on materials science, hiring Wallace Carothers to work on polymers in 1928. Carothers invented neoprene, a synthetic rubber;[16] the first polyester superpolymer; and, in 1935, nylon. The invention of Teflon followed a few years later and has since been proven responsible for health problems in those exposed to the chemical through manufacturing and home use.[17] DuPont introduced phenothiazine as an insecticide in 1935.[18]

1941 to 1945 – World War II

DuPont ranked 15th among United States corporations in the value of wartime production contracts.[19] As the inventor and manufacturer of nylon, DuPont helped produce the raw materials for parachutes, powder bags,[20] and tires.[21]

DuPont also played a major role in the Manhattan Project in 1943, designing, building and operating the Hanford plutonium producing plant in Hanford, Washington. In 1950 DuPont also agreed to build the Savannah River Plant in South Carolina as part of the effort to create a hydrogen bomb.

DuPont was one of an estimated 150 American companies that provided Nazi Germany with patents, technology and material resources that proved crucial to the German war effort. DuPont maintained business connections with various corporations in the Third Reich from 1933 until 1943 when all of DuPont's assets in Germany were seized by the Nazi government along with those of all other American companies. Irénée du Pont, a descendant of Éleuthère Irénée du Pont and the president of the company during the buildup to World War II, was also a financial supporter of Nazi führer Adolf Hitler and keenly followed Hitler since the 1920s.[22][23]

1950 to 1970 – Space Age developments

After the war, DuPont continued its emphasis on new materials, developing Mylar, Dacron, Orlon, and Lycra in the 1950s, and Tyvek, Nomex, Qiana, Corfam, and Corian in the 1960s.

DuPont has been the key company behind the development of modern body armor. In the Second World War DuPont's ballistic nylon was used by Britain's Royal Air Force to make flak jackets. With the development of Kevlar in the 1960s, DuPont began tests to see if it could resist a lead bullet. This research would ultimately lead to the bullet-resistant vests that are used by police and military units.

1981 to 1999 – Conoco holdings

In 1981, DuPont acquired Conoco Inc., a major American oil and gas producing company, which gave it a secure source of petroleum feedstocks needed for the manufacturing of many of its fiber and plastics products. The acquisition, which made DuPont one of the top ten U.S.-based petroleum and natural gas producers and refiners, came about after a bidding war with the giant distillery Seagram Company Ltd. Seagram became DuPont's largest single shareholder, with four seats on the board of directors. On April 6, 1995, after being approached by Seagram Chief Executive Officer Edgar Bronfman Jr., DuPont announced a deal in which the company would buy back all the shares owned by Seagram.[24]

In 1999, DuPont sold all of its shares of Conoco, which merged with Phillips Petroleum Company. DuPont acquired the Pioneer Hi-Bred agricultural seed company in 1999.

2000 to 2015 – Further growth, sales, and spinoff of Chemours

DuPont described itself as a global science company that employs more than 60,000 people worldwide and has a diverse array of product offerings. The company ranks 86th in the Fortune 500 on the strength of nearly $36 billion in revenues, $4.848 billion in profits in 2013.[25] In April 2014, Forbes ranked DuPont 171st on its Global 2000, the listing of the world's top public companies.[26]

DuPont businesses are organized into the following five categories, known as marketing "platforms": Electronic and Communication Technologies, Performance Materials, Coatings and Color Technologies, Safety and Protection, and Agriculture and Nutrition. The agriculture division, DuPont Pioneer, makes and sells hybrid seed and genetically modified seed, some of which produces genetically modified food. Genes engineered into their products include LibertyLink, which provides resistance to Bayer's Ignite Herbicide/Liberty herbicides; the Herculex I Insect Protection gene, which provides protection against various insects; the Herculex RW insect protection trait, which provides protection against other insects; the YieldGard Corn Borer gene, which provides resistance to another set of insects; and the Roundup Ready Corn 2 trait that provides crop resistance against glyphosate herbicides.[27]

In 2010, DuPont Pioneer received approval to start marketing Plenish soybeans, which contain "the highest oleic acid content of any commercial soybean product, at more than 75 percent. Plenish provides a product with no trans fat, 20 percent less saturated fat than regular soybean oil, and more stable oil with greater flexibility in food and industrial applications."[28] Plenish is genetically engineered to "block the formation of enzymes that continue the cascade downstream from oleic acid (that produces saturated fats), resulting in an accumulation of the desirable monounsaturated acid."[29]

In October 2001, the company sold its pharmaceutical business to Bristol Myers Squibb for $7.798 billion.[30]

In 2002, the company sold the Clysar(R) business to Bemis Company for $143 million.[31][32]

In 2004, the company sold its textiles business, which included some of its best-known brands such as Lycra (Spandex), Dacron polyester, Orlon acrylic, Antron nylon and Thermolite, to Koch Industries.

In 2011, DuPont was the largest producer of titanium dioxide in the world, primarily provided as a white pigment used in the paper industry.[33]

DuPont has 150 research and development facilities located in China, Brazil, India, Germany, and Switzerland, with an average investment of $2 billion annually in a diverse range of technologies for many markets including agriculture, genetic traits, biofuels, automotive, construction, electronics, chemicals, and industrial materials. DuPont employs more than 10,000 scientists and engineers around the world.

On January 9, 2011, DuPont announced that it had reached an agreement to buy Danish company Danisco for US$6.3 billion.[34] On May 16, 2011, DuPont announced that its tender offer for Danisco had been successful and that it would proceed to redeem the remaining shares and delist the company.[35]

On May 1, 2012, DuPont announced that it had acquired from Bunge full ownership of the Solae joint venture, a soy-based ingredients company. DuPont previously owned 72 percent of the joint venture while Bunge owned the remaining 28 percent.[36]

In February 2013, DuPont Performance Coatings was sold to the Carlyle Group and rebranded as Axalta Coating Systems.[37]

In October 2013, DuPont announced that it was planning to spin off its Performance Chemicals business into a new publicly traded company in mid-2015.[38] The company filed its initial Form 10 with the SEC in December 2014 and announced that the new company would be called The Chemours Company.[39] The spin-off to DuPont shareholders was completed on July 1, 2015, and Chemours stock began trading on the New York Stock Exchange on the same date.[40] DuPont will focus on production of GMO seeds, materials for solar panels, and alternatives to fossil fuels. Chemours becomes responsible for the cleanup of 171 former DuPont sites, which DuPont says will cost between $295 million and $945 million.[41]

In October 2015, DuPont sold the Neoprene chloroprene rubber business to Denka Performance Elastomers, a joint venture of Denka and Mitsui.[42]

2015 to present – Reorganization and time as DowDuPont

 
The logo of DowDuPont

On December 11, 2015, DuPont announced a merger with Dow Chemical Company, in an all-stock transaction. The combined company, DowDuPont, had an estimated value of $130 billion, being equally held by both companies’ shareholders, while also maintaining its two headquarters. The merger of the two largest U.S. chemical companies closed on August 31, 2017.[3][4][43]

Both companies' boards of directors decided that following the merger, DowDuPont would pursue a separation into three independent, publicly traded companies: an agriculture, a materials science, and a specialty products company.

  • The agriculture business—Corteva Agriscience[44]—unites Dow and DuPont's seed and crop protection unit, with an approximate revenue of $16 billion.[45]
  • The materials science segment— to be named Dow Chemical Company—consists of DuPont's Performance Materials unit, together with Dow's Performance Plastics, Materials and Chemicals, Infrastructure and Consumer Solutions, but excludes Dow's Electronic Materials business. Combined revenue for this branch totals an estimated $51 billion.
  • The specialty products unit—the entity today bearing the DuPont name—includes DuPont's Nutrition & Health, Industrial Biosciences, Safety & Protection and Electronics & Communications, as well as Dow's aforementioned Electronic Materials business. Combined revenue for Specialty Products total approximately $12 billion.[46][47]

Advisory Committees were established for each of the businesses. DuPont CEO Ed Breen would lead the Agriculture and Specialty Products Committees, and Dow CEO Andrew Liveris would lead the Materials Science Committee. These Committees were intended to oversee their respective businesses, and would work with both CEOs on the scheduled separation of the businesses’ standalone entities.[48] Announced in February 2018, DowDuPont's agriculture division is named Corteva Agriscience, its materials science division is named Dow, and its specialty products division is named DuPont.[6] In March 2018, it was announced that Jeff Fettig would become executive chairman of DowDuPont on July 1, 2018, and Jim Fitterling would become CEO of Dow Chemical on April 1, 2018.[49] In October 2018, the company's agricultural unit recorded a $4.6 billion loss in the third quarter after lowering its long-term sales and profits targets.[50]

In 2019, DuPont completed its spin off from DowDuPont.[51]

In February 2020, DuPont announced that it is bringing back Edward D. Breen as its CEO after removing former Chief Executive Mark Doyle and CFO Jeanmarie Desmond less than a year after they assumed their roles. Lori D. Koch, previously head of investor relations, assumes the CFO position.[52]

In November 2021, DuPont announced that it intended to acquire Rogers Corporation in a deal valued at $5.2 billion.[53] While the deal had been approved by many other regulatory agencies, due to Chinese regulators prolonging the review, DuPont decided on November 1, 2022, to walk away from the deal. DuPont paid Rogers a termination fee of US$162.5 million.[54][55]

On November 10, 2022, the state of California announced it was filing suit against both DuPont and 3M for their manufacturing of persistent organic pollutants following multi-year probes into both companies. DuPont denies ever manufacturing the chemicals and that the state's claims are meritless.[56]

Operations

Locations

Pre-tax U.S. Profit by Year, in US$1,000,000[57]
2010 949
2009 171
2008 992
2007 1,652
2006 1,947
2005 2,795
2004 −714
2003 −428
2002 1,227
2001 6,131
 
Entrance to Washington Works in Washington, West Virginia formerly owned by DuPont, now owned by Chemours.

The company's corporate headquarters and experimental station were located in Wilmington, Delaware. The company's manufacturing, processing, marketing, and research and development facilities, as well as regional purchasing offices and distribution centers were located throughout the world.[58] Major manufacturing sites included the Spruance plant near Richmond, Virginia, (currently the company's largest plant), the Washington Works site in Washington, West Virginia, the Mobile Manufacturing Center (MMC) in Axis, Alabama, the Bayport plant near Houston, Texas, the Mechelen site in Belgium, and the Changshu site in China.[59] Other locations included the Yerkes Plant on the Niagara River at Tonawanda, New York, the Sabine River Works Plant in Orange, Texas, and the Parlin Site in Sayreville, New Jersey. The facilities in Vadodara, Gujarat and Hyderabad, Telangana in India constituted the DuPont Services Center and DuPont Knowledge Center respectively.

Regulation

The European Commission opened a probe to assess whether the proposed merger was in line with the EU's respective regulations. The Commission investigated whether the deal reduced competition in areas such as crop protection, seeds and petrochemicals.[60] The closing date for the merger was repeatedly delayed due to these regulatory inquiries.[61][62]

Ed Breen said the companies were negotiating possible divestitures in their pesticide operations to win approval for the deal. As part of their EU counterproposal, the companies offered to dispose of a portion of DuPont's crop protection business and associated R&D, as well as Dow's acrylic acid copolymers and ionomers businesses.[63][64]

The remedy submission in turn delayed the Commission's review deadline to April 4, 2017. The intended spins of the company businesses were expected to occur about 18 months after closing.[64] According to the Financial Times, the merger was "on track for approval in March" 2017.[65] Dow Chemical and DuPont postponed the planned deadline during late March, as they struck an $1.6 billion asset swap with FMC Corporation in order to win the antitrust clearances. DuPont acquired the Corporation's health and nutrition business, while selling its herbicide and insecticide properties.[66][67]

The European Commission conditionally approved the merger as of April, 2017, although the decision was said to consist of over a thousand pages and was expected to take several months to be released publicly. As part of the approval, Dow must also sell off two acrylic acid co-polymers manufacturing facilities in Spain and the US. China conditionally cleared the merger in May, 2017.[68][67][69]

According to former United States Secretary of Agriculture during the Clinton administration, Dan Glickman, and former Governor of Nebraska, Mike Johanns, by creating a single, independent, U.S.-based and - owned pure agriculture company, Dow and DuPont would be able to compete against their still larger global peers.[70] The merger was not opposed by competition authorities around the world due to the view that it did not have noticeable impact on the global seed markets.[71]

On the other hand, if Monsanto and Bayer, the 1st and 3rd largest biotech and seed firms, together with Dow and DuPont being the 4th and 5th largest biotechnology and seed companies in the world respectively, both went through with the mergers, the so-called "Big Six" (including Syngenta and BASF[72]) in the industry would control 63 percent of the global seed market and 76 percent of the global agriculture chemical market. They would also control 95 percent of corn, soybeans, and cotton traits in the US. Both duopolies would become the "big two" industry dominators.

Reception and recognition

DuPont has been awarded the National Medal of Technology four times: first in 1990, for its invention of "high-performance man-made polymers such as nylon, neoprene rubber, "Teflon" fluorocarbon resin, and a wide spectrum of new fibers, films, and engineering plastics"; the second in 2002 "for policy and technology leadership in the phaseout and replacement of chlorofluorocarbons". DuPont scientist George Levitt was honored with the medal in 1993 for the development of sulfonylurea herbicides. In 1996, DuPont scientist Stephanie Kwolek was recognized for the discovery and development of Kevlar. In the 1980s, Dr. Jacob Lahijani, Senior Chemist at DuPont, invented Kevlar 149 and was highlighted in the "Innovation: Agent of Change.[73] Kevlar 149 is used in armor, belts, hoses, composite structures, cable sheathing, gaskets, brake pads, clutch linings, friction pads, slot insulation, phase barrier insulation, and interturn insulation.[74] Following the DuPont and Dow merger and subsequent spinoff, this product line remained with DuPont.[74]

On the company's 200th anniversary in 2002, it was presented with the Honor Award by the National Building Museum in recognition of DuPont's "products that directly influence the construction and design process in the building industry."[75]

Controversies

Environmental record

DuPont was part of Global Climate Coalition, a group that lobbied against taking action on climate change.[76] DuPont is additionally a company which has been criticized and called out for its activities in Cancer Alley, and while not as vocally criticized as ExxonMobil when it comes to its activities in Cancer Alley, DuPont has been blamed for emitting chloroprene and has been connected by some to anecdotes of "illnesses and ailmen" as told by residents of Cancer Alley.[77]

In 1999, attorney Robert Bilott filed a lawsuit against DuPont, alleging chemical waste (perfluorooctanoic acid) fouled the property of a cattle rancher in Parkersburg, West Virginia. A subsequent lawsuit in 2004 alleged DuPont's actions led to widespread water contamination in West Virginia and Ohio which contributed to high rates of cancers and other health problems. Most of the over 3,000 lawsuits were ultimately settled for over $700 million,[78] and DuPont paid $16.5 million in fines to the Environmental Protection Agency.[79] Bilott's cases were featured in several newspapers and a book, and were adapted in the 2019 film Dark Waters.

In 2005, BusinessWeek magazine, in conjunction with the Climate Group, ranked DuPont as the best-practice leader in cutting their carbon gas emissions. DuPont reduced its greenhouse gas emissions by more than 65 percent from the 1990 levels while using 7 percent less energy and producing 30 percent more product.[80][81]

In May 2007 the $2.1 million DuPont Nature Center at Mispillion Harbor Reserve, a wildlife observatory and interpretive center on the Delaware Bay near Milford, Delaware was opened to enhance the beauty and integrity of the Delaware Estuary. The facility will be state-owned and operated by the Delaware Department of Natural Resources and Environmental Control (DNREC).[82][83]

In 2010, researchers at the Political Economy Research Institute of the University of Massachusetts Amherst ranked DuPont as the fourth-largest corporate source of air pollution in the United States.[84] DuPont released a statement that 2012 total releases and transfers were 13% lower than 2011 levels, and 70% lower than 1987 levels.[85] Data from the U.S. Environmental Protection Agency (EPA)'s Toxic Release Inventory database included in the Political Economy Research Institute studies likewise show a reduction in DuPont's emissions from 12.4 million pounds of air releases and 22.4 million pounds of toxic incinerator transfers in 2006[86] to 10.94 million pounds and 22.0 million pounds, respectively, in 2010. Over the same period, the Political Economy Research Institutes Toxic score for DuPont increased from 122,426 to 7,086,303.[87]

One of DuPont's facilities was listed No. 4 on the Mother Jones top 20 polluters of 2010, legally discharging over 5,000,000 pounds (2,300,000 kg) of toxic chemicals into New Jersey and Delaware waterways.[88] In 2016, Carneys Point Township, New Jersey, where the facility is located, initiated a $1.1 billion lawsuit against the corporation, accusing it of divesting an unprofitable company without first remediating the property as required by law.[89]

In 2012 DuPont was named to the Carbon Disclosure Project Global 500 Leadership Index. Inclusion is based on company performance on sustainability metrics, emissions reduction goals, and environmental performance transparency.[90] In 2014 DuPont was the top scoring company in the chemical sector according to CDP, with a score of "A" or "B" in every evaluation area except for supply chain management.[91]

Between 2007 and 2014 there were thirty-four accidents resulting in toxic releases at DuPont plants across the U.S., with a total of 8 fatalities.[92] Four employees died of suffocation in a Houston, Texas, accident involving leakage of nearly 24,000 pounds (11,000 kg) of methyl mercaptan.[93] As a result, the company became the largest of the 450 businesses placed into the Occupational Safety and Health Administration's "severe violator program" in July 2015. The program was established for companies OSHA says have repeatedly failed to address safety infractions.[94][95]

Since the 2017 spin-off, the company has adapted its marketing and branding in order to establish a new identity that is "fundamentally different" from DowDuPont. The company published a list of sustainability commitments to be achieved by 2030 in November 2019.[96] DuPont was fined over $3 million for environmental violations in 2018.[97] In 2019, DuPont led the Toxic 100 Water Polluters Index.[98]

Genetically modified foods

Pioneer Hi-Bred, a DuPont subsidiary until 2019, manufactures genetically modified seeds, other tools, and agricultural technologies used to increase crop yield. In 2019, DowDuPont spun off its agricultural unit, which included Pioneer Hi-Bred, as an independent public company under the name Corteva.[99]

Chlorofluorocarbons

Dupont, along with Frigidaire and General Motors, was a part of a collaborative effort to find a replacement for toxic refrigerants in the 1920s, resulting in the invention of chlorofluorocarbons (CFCs) by Thomas Midgley in 1928.[100] CFCs are ozone-depleting chemicals that were used primarily in aerosol sprays and refrigerants. DuPont was the largest CFC producer in the world with a 25 percent market share in the 1980s, totaling $600 million in annual sales.[101]

In 1974, responding to public concern about the safety of CFCs,[102] DuPont promised to stop production of CFCs should they be proven to be harmful to the ozone layer. However, after the discovery of grave ozone depletion in 1986, DuPont, as a member of the industry group Alliance for Responsible CFC Policy, lobbied against regulations of CFCs. By 1989, it reversed course after calculating that it would profit from production of other chemicals used to replace CFCs.[103]

In February 1988, United States Senator Max Baucus, along with two other senators, wrote to DuPont reminding the company of its pledge. The Los Angeles Times reported that the letter was "generally regarded as an embarrassment for DuPont, which prides itself on its reputation as an environmentally conscious company."[101] The company responded with a strongly worded letter that the available evidence did not support a need to dramatically reduce CFC production and calling the proposal "unwarranted and counterproductive".[104]

On March 14 of the same year, scientists from the National Aeronautics and Space Agency announced the results of a study demonstrating a 2.3% decline in mid-latitude ozone levels between 1969 and 1986, along with evidence tying the decline to CFCs in the upper atmosphere.[105] On March 24, DuPont reversed its position, calling the NASA results "important new information" and announcing that it would phase out CFC production. The company further called for worldwide controls on CFC production and for additional countries to ratify the Montreal Protocol. DuPont's change of policy was widely praised by environmentalists.[106] In 2003, DuPont was awarded the National Medal of Technology, recognizing the company as the leader in developing CFC replacements.[107]

Perfluorooctanoic acid (PFOA; C8)

DuPont has faced fines from the EPA and litigation over releases of the Teflon-processing aid perfluoro-octanoic acid (PFOA, also known as C8) from their works in Washington, West Virginia.[108] PFOA-contaminated drinking water led to increased levels of the compound in the bodies of residents who lived in the surrounding area. A court-appointed C8 Science Panel investigated "whether or not there is a probable link between C8 exposure and disease in the community."[109] In 2011, the panel concluded that there is a probable link between PFOA and kidney cancer, testicular cancer, thyroid disease, high cholesterol, pre-eclampsia and ulcerative colitis.[110] Water contamination in the Netherlands and links to cancer are also being investigated.[111]

DuPont agreed to sharply reduce its output of PFOA,[112] and was one of eight companies to sign on with the EPA's 2010/2015 PFOA Stewardship Program. The agreement called for the reduction of "facility emissions and product content of PFOA and related chemicals on a global basis by 95 percent by 2010 and to work toward eliminating emissions and product content of these chemicals by 2015."[113] DuPont phased out PFOA entirely in 2013.

Unlike other persistent organic pollutants, PFOA persists indefinitely and is completely resistant to bio-degradation, remaining toxic. The only way to reduce levels in the body is by physical elimination rather than degradation.[114] In 2014, the International Agency for Research on Cancer designated PFOA as "possibly carcinogenic" in humans.[115] In October 2015, one Ohio resident was awarded $1.6 million when a jury found that her kidney cancer was caused by PFOA in drinking water. In December 2016, $2 million was awarded when a jury found it caused the plaintiff's testicular cancer and awarded punitive damages of $10.5 million.[116] This was the third case where a jury found DuPont liable for injuries resulting from exposure to PFOA in drinking water sources. There were 3,500 similar cases awaiting trial c. 2015. According to the co-lead counselor, internal documents revealed during trial showed DuPont had known of a link between PFOA and cancers since 1997. DuPont maintains it has always handled PFOA "reasonably and responsibly" based on the information they, and industry regulators, had available during its use. However, the jury concluded that DuPont did not act to prevent harm or inform the public, despite the information available.[117] In 2017, DuPont settled 3,550 personal injury claims related to the Parkersburg, West Virginia plant for $671 million.[118][119]

The litigation was the subject of the 2019 Todd Haynes film Dark Waters starring Mark Ruffalo.

Imprelis

In October 2010 DuPont began marketing a herbicide called Imprelis, for control of certain plants in turf areas. DuPont voluntarily pulled Imprelis from the market in August 2011 before the EPA issued a mandatory stop-sale order on Imprelis after being alerted of numerous reports from golf courses to nurseries that the product was suspected of injuring and, in some cases, killing trees. Norway spruce, white pines and honey locust proved to be among the species of trees that were susceptible.[120][121]

Price fixing

In 2005, the company pleaded guilty to fixing prices of chemicals and products that used neoprene, a synthetic rubber, resulting in an $84 million fine.[122]

See also

References

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Further reading

External links

  • Official website
  • Corporate History as presented by the company
  • Works by DuPont at LibriVox (public domain audiobooks)  
    • Historical business data for DuPont:
    • SEC filings
  • Business data for DuPont de Nemours, Inc.:
    • Bloomberg
    • Google
    • Reuters
    • SEC filings
    • Yahoo!

dupont, this, article, about, chemical, company, other, uses, dupont, disambiguation, redirects, here, companies, split, from, 2019, chemical, company, corteva, nemours, commonly, shortened, american, multinational, chemical, company, first, formed, 1802, fren. This article is about the chemical company For other uses see Dupont disambiguation DowDuPont redirects here For the companies split from DowDuPont in 2019 see Dow Chemical Company and Corteva DuPont de Nemours Inc commonly shortened to DuPont is an American multinational chemical company first formed in 1802 by French American chemist and industrialist Eleuthere Irenee du Pont de Nemours The company played a major role in the development of Delaware and first arose as a major supplier of gunpowder DuPont developed many polymers such as Vespel neoprene nylon Corian Teflon Mylar Kapton Kevlar Zemdrain M5 fiber Nomex Tyvek Sorona Corfam and Lycra in the 20th century and its scientists developed many chemicals most notably Freon chlorofluorocarbons for the refrigerant industry It also developed synthetic pigments and paints including ChromaFlair DuPont de Nemours Inc TypePublicTraded asNYSE DDS amp P 100 componentS amp P 500 componentISINUS26614N1028IndustryChemicalsPredecessorsDow ChemicalE I du Pont de Nemours and CompanyFoundedSeptember 1 2017 5 years ago 2017 09 01 as DowDuPont June 1 2019 2019 06 01 as DuPont HeadquartersWilmington Delaware USAArea servedGlobalKey peopleEdward D Breen executive chairman amp CEO RevenueUS 16 65 billion 2021 Operating incomeUS 2 20 billion 2021 Net incomeUS 6 52 billion 2021 Total assetsUS 45 71 billion 2021 Total equityUS 26 43 billion 2021 Number of employeesc 28 000 2021 Websitewww wbr dupont wbr comFootnotes references 1 In 2015 DuPont and the Dow Chemical Company agreed to a reorganization plan in which the two companies would merge and split into three As a merged entity DuPont simultaneously acquired Dow and renamed itself to DowDuPont on August 31 2017 and after 18 months spin off the merged entity s material science divisions into a new corporate entity bearing Dow Chemical s name and agribusiness divisions into the newly created Corteva DowDuPont reverted its name to DuPont and kept the specialty products divisions Prior to the spinoffs it was the world s largest chemical company in terms of sales The merger has been reported to be worth an estimated 130 billion 2 3 4 The present DuPont as prior to the merger is headquartered in Wilmington Delaware in the state where it is incorporated 5 3 4 6 7 Contents 1 History 1 1 1802 to 1902 First Century of Business 1 2 1902 to 1912 First major expansion 1 3 1913 to 1919 Investments into General Motors 1 4 1920 to 1940 Major breakthroughs 1 5 1941 to 1945 World War II 1 6 1950 to 1970 Space Age developments 1 7 1981 to 1999 Conoco holdings 1 8 2000 to 2015 Further growth sales and spinoff of Chemours 1 9 2015 to present Reorganization and time as DowDuPont 2 Operations 2 1 Locations 3 Regulation 4 Reception and recognition 5 Controversies 5 1 Environmental record 5 2 Genetically modified foods 5 3 Chlorofluorocarbons 5 4 Perfluorooctanoic acid PFOA C8 5 5 Imprelis 5 6 Price fixing 6 See also 7 References 8 Further reading 9 External linksHistory EditDuPont 1802 2017 TypePublicTraded asNYSE DDIndustryChemicalsFoundedJuly 1802 220 years ago 1802 07 FounderEleuthere Irenee du PontDefunctAugust 31 2017 5 years ago 2017 08 31 FateMerged with Dow Chemical to form DowDuPont which later split into three companiesSuccessorDow Chemical Materials DuPont Specialty products Corteva Agricultural products HeadquartersWilmington Delaware United StatesArea served90 countries 8 ProductsProducts list CorianKalrezKaptonKevlarMylarNomexNylonOrlonRayonSoronaTedlarTyvekVespelZodiaqZytelTeflonTefzelNet income3 040 000 000 2010 Number of employees98 000 2020 SubsidiariesSubsidiaries list DuPont Chemical amp Energy OperationsDuPont PioneerDaniscoSolaeDuPont DaniscoWebsitedupont com1802 to 1902 First Century of Business Edit DuPont was founded in 1802 by Eleuthere Irenee du Pont using capital raised in France and gunpowder machinery imported from France He started the company at the Eleutherian Mills on the Brandywine Creek near Wilmington Delaware two years after du Pont and his family left France to escape the French Revolution and religious persecution against Huguenot Protestants The company began as a manufacturer of gunpowder as du Pont noticed that the industry in North America was lagging behind Europe The company grew quickly and by the mid 19th century had become the largest supplier of gunpowder to the United States military supplying one third to one half the powder used by the Union Army during the American Civil War The Eleutherian Mills site is now a museum and a National Historic Landmark 9 10 1902 to 1912 First major expansion Edit DuPont continued to expand moving into the production of dynamite and smokeless powder In 1902 DuPont s president Eugene du Pont died and the surviving partners sold the company to three great grandsons of the original founder Charles Lee Reese was appointed as director and the company began centralizing their research departments 11 The company subsequently purchased several smaller chemical companies in 1912 these actions generated government scrutiny under the Sherman Antitrust Act The courts declared that the company s dominance of the explosives business constituted a monopoly and ordered divestment The court ruling resulted in the creation of the Hercules Powder Company later Hercules Inc and now part of Ashland Inc and the Atlas Powder Company purchased by Imperial Chemical Industries ICI and now part of AkzoNobel 12 At the time of divestment DuPont retained the single base nitrocellulose powders while Hercules held the double base powders combining nitrocellulose and nitroglycerine DuPont subsequently developed the Improved Military Rifle IMR line of smokeless powders 13 In 1910 DuPont published a brochure entitled Farming with Dynamite The pamphlet was instructional outlining the benefits to using their dynamite products on stumps and various other obstacles that would be easier to remove with dynamite as opposed to other more conventional and inefficient means 14 DuPont also established two of the first industrial laboratories in the United States where they began the work on cellulose chemistry lacquers and other non explosive products DuPont Central Research was established at the DuPont Experimental Station across the Brandywine Creek from the original powder mills 1913 to 1919 Investments into General Motors Edit In 1914 Pierre S du Pont invested in the fledgling automobile industry buying stock in General Motors GM The following year he was invited to be on GM s board of directors and would eventually be appointed the company s chairman The DuPont company would assist the struggling automobile company further with a 25 million purchase of GM stock 669 654 605 in 2021 dollars 15 In 1920 Pierre S du Pont was elected president of General Motors Under du Pont s leadership GM became the number one automobile company in the world However in 1957 because of DuPont s influence within GM further action under the Clayton Antitrust Act forced DuPont to divest its shares of General Motors 1920 to 1940 Major breakthroughs Edit A marker outside DuPont s Belle Plant in Dupont City West Virginia where ammonia was first synthesized for commercial use DuPont s Orlon plant in Camden South Carolina c 1950s In the 1920s DuPont continued its emphasis on materials science hiring Wallace Carothers to work on polymers in 1928 Carothers invented neoprene a synthetic rubber 16 the first polyester superpolymer and in 1935 nylon The invention of Teflon followed a few years later and has since been proven responsible for health problems in those exposed to the chemical through manufacturing and home use 17 DuPont introduced phenothiazine as an insecticide in 1935 18 1941 to 1945 World War II Edit DuPont ranked 15th among United States corporations in the value of wartime production contracts 19 As the inventor and manufacturer of nylon DuPont helped produce the raw materials for parachutes powder bags 20 and tires 21 DuPont also played a major role in the Manhattan Project in 1943 designing building and operating the Hanford plutonium producing plant in Hanford Washington In 1950 DuPont also agreed to build the Savannah River Plant in South Carolina as part of the effort to create a hydrogen bomb DuPont was one of an estimated 150 American companies that provided Nazi Germany with patents technology and material resources that proved crucial to the German war effort DuPont maintained business connections with various corporations in the Third Reich from 1933 until 1943 when all of DuPont s assets in Germany were seized by the Nazi government along with those of all other American companies Irenee du Pont a descendant of Eleuthere Irenee du Pont and the president of the company during the buildup to World War II was also a financial supporter of Nazi fuhrer Adolf Hitler and keenly followed Hitler since the 1920s 22 23 1950 to 1970 Space Age developments Edit After the war DuPont continued its emphasis on new materials developing Mylar Dacron Orlon and Lycra in the 1950s and Tyvek Nomex Qiana Corfam and Corian in the 1960s DuPont has been the key company behind the development of modern body armor In the Second World War DuPont s ballistic nylon was used by Britain s Royal Air Force to make flak jackets With the development of Kevlar in the 1960s DuPont began tests to see if it could resist a lead bullet This research would ultimately lead to the bullet resistant vests that are used by police and military units 1981 to 1999 Conoco holdings Edit In 1981 DuPont acquired Conoco Inc a major American oil and gas producing company which gave it a secure source of petroleum feedstocks needed for the manufacturing of many of its fiber and plastics products The acquisition which made DuPont one of the top ten U S based petroleum and natural gas producers and refiners came about after a bidding war with the giant distillery Seagram Company Ltd Seagram became DuPont s largest single shareholder with four seats on the board of directors On April 6 1995 after being approached by Seagram Chief Executive Officer Edgar Bronfman Jr DuPont announced a deal in which the company would buy back all the shares owned by Seagram 24 In 1999 DuPont sold all of its shares of Conoco which merged with Phillips Petroleum Company DuPont acquired the Pioneer Hi Bred agricultural seed company in 1999 2000 to 2015 Further growth sales and spinoff of Chemours Edit DuPont described itself as a global science company that employs more than 60 000 people worldwide and has a diverse array of product offerings The company ranks 86th in the Fortune 500 on the strength of nearly 36 billion in revenues 4 848 billion in profits in 2013 25 In April 2014 Forbes ranked DuPont 171st on its Global 2000 the listing of the world s top public companies 26 DuPont businesses are organized into the following five categories known as marketing platforms Electronic and Communication Technologies Performance Materials Coatings and Color Technologies Safety and Protection and Agriculture and Nutrition The agriculture division DuPont Pioneer makes and sells hybrid seed and genetically modified seed some of which produces genetically modified food Genes engineered into their products include LibertyLink which provides resistance to Bayer s Ignite Herbicide Liberty herbicides the Herculex I Insect Protection gene which provides protection against various insects the Herculex RW insect protection trait which provides protection against other insects the YieldGard Corn Borer gene which provides resistance to another set of insects and the Roundup Ready Corn 2 trait that provides crop resistance against glyphosate herbicides 27 In 2010 DuPont Pioneer received approval to start marketing Plenish soybeans which contain the highest oleic acid content of any commercial soybean product at more than 75 percent Plenish provides a product with no trans fat 20 percent less saturated fat than regular soybean oil and more stable oil with greater flexibility in food and industrial applications 28 Plenish is genetically engineered to block the formation of enzymes that continue the cascade downstream from oleic acid that produces saturated fats resulting in an accumulation of the desirable monounsaturated acid 29 In October 2001 the company sold its pharmaceutical business to Bristol Myers Squibb for 7 798 billion 30 In 2002 the company sold the Clysar R business to Bemis Company for 143 million 31 32 In 2004 the company sold its textiles business which included some of its best known brands such as Lycra Spandex Dacron polyester Orlon acrylic Antron nylon and Thermolite to Koch Industries In 2011 DuPont was the largest producer of titanium dioxide in the world primarily provided as a white pigment used in the paper industry 33 DuPont has 150 research and development facilities located in China Brazil India Germany and Switzerland with an average investment of 2 billion annually in a diverse range of technologies for many markets including agriculture genetic traits biofuels automotive construction electronics chemicals and industrial materials DuPont employs more than 10 000 scientists and engineers around the world On January 9 2011 DuPont announced that it had reached an agreement to buy Danish company Danisco for US 6 3 billion 34 On May 16 2011 DuPont announced that its tender offer for Danisco had been successful and that it would proceed to redeem the remaining shares and delist the company 35 On May 1 2012 DuPont announced that it had acquired from Bunge full ownership of the Solae joint venture a soy based ingredients company DuPont previously owned 72 percent of the joint venture while Bunge owned the remaining 28 percent 36 In February 2013 DuPont Performance Coatings was sold to the Carlyle Group and rebranded as Axalta Coating Systems 37 In October 2013 DuPont announced that it was planning to spin off its Performance Chemicals business into a new publicly traded company in mid 2015 38 The company filed its initial Form 10 with the SEC in December 2014 and announced that the new company would be called The Chemours Company 39 The spin off to DuPont shareholders was completed on July 1 2015 and Chemours stock began trading on the New York Stock Exchange on the same date 40 DuPont will focus on production of GMO seeds materials for solar panels and alternatives to fossil fuels Chemours becomes responsible for the cleanup of 171 former DuPont sites which DuPont says will cost between 295 million and 945 million 41 In October 2015 DuPont sold the Neoprene chloroprene rubber business to Denka Performance Elastomers a joint venture of Denka and Mitsui 42 2015 to present Reorganization and time as DowDuPont Edit The logo of DowDuPont On December 11 2015 DuPont announced a merger with Dow Chemical Company in an all stock transaction The combined company DowDuPont had an estimated value of 130 billion being equally held by both companies shareholders while also maintaining its two headquarters The merger of the two largest U S chemical companies closed on August 31 2017 3 4 43 Both companies boards of directors decided that following the merger DowDuPont would pursue a separation into three independent publicly traded companies an agriculture a materials science and a specialty products company The agriculture business Corteva Agriscience 44 unites Dow and DuPont s seed and crop protection unit with an approximate revenue of 16 billion 45 The materials science segment to be named Dow Chemical Company consists of DuPont s Performance Materials unit together with Dow s Performance Plastics Materials and Chemicals Infrastructure and Consumer Solutions but excludes Dow s Electronic Materials business Combined revenue for this branch totals an estimated 51 billion The specialty products unit the entity today bearing the DuPont name includes DuPont s Nutrition amp Health Industrial Biosciences Safety amp Protection and Electronics amp Communications as well as Dow s aforementioned Electronic Materials business Combined revenue for Specialty Products total approximately 12 billion 46 47 Advisory Committees were established for each of the businesses DuPont CEO Ed Breen would lead the Agriculture and Specialty Products Committees and Dow CEO Andrew Liveris would lead the Materials Science Committee These Committees were intended to oversee their respective businesses and would work with both CEOs on the scheduled separation of the businesses standalone entities 48 Announced in February 2018 DowDuPont s agriculture division is named Corteva Agriscience its materials science division is named Dow and its specialty products division is named DuPont 6 In March 2018 it was announced that Jeff Fettig would become executive chairman of DowDuPont on July 1 2018 and Jim Fitterling would become CEO of Dow Chemical on April 1 2018 49 In October 2018 the company s agricultural unit recorded a 4 6 billion loss in the third quarter after lowering its long term sales and profits targets 50 In 2019 DuPont completed its spin off from DowDuPont 51 In February 2020 DuPont announced that it is bringing back Edward D Breen as its CEO after removing former Chief Executive Mark Doyle and CFO Jeanmarie Desmond less than a year after they assumed their roles Lori D Koch previously head of investor relations assumes the CFO position 52 In November 2021 DuPont announced that it intended to acquire Rogers Corporation in a deal valued at 5 2 billion 53 While the deal had been approved by many other regulatory agencies due to Chinese regulators prolonging the review DuPont decided on November 1 2022 to walk away from the deal DuPont paid Rogers a termination fee of US 162 5 million 54 55 On November 10 2022 the state of California announced it was filing suit against both DuPont and 3M for their manufacturing of persistent organic pollutants following multi year probes into both companies DuPont denies ever manufacturing the chemicals and that the state s claims are meritless 56 Operations EditLocations Edit Pre tax U S Profit by Year in US 1 000 000 57 2010 9492009 1712008 9922007 1 6522006 1 9472005 2 7952004 7142003 4282002 1 2272001 6 131 Entrance to Washington Works in Washington West Virginia formerly owned by DuPont now owned by Chemours The company s corporate headquarters and experimental station were located in Wilmington Delaware The company s manufacturing processing marketing and research and development facilities as well as regional purchasing offices and distribution centers were located throughout the world 58 Major manufacturing sites included the Spruance plant near Richmond Virginia currently the company s largest plant the Washington Works site in Washington West Virginia the Mobile Manufacturing Center MMC in Axis Alabama the Bayport plant near Houston Texas the Mechelen site in Belgium and the Changshu site in China 59 Other locations included the Yerkes Plant on the Niagara River at Tonawanda New York the Sabine River Works Plant in Orange Texas and the Parlin Site in Sayreville New Jersey The facilities in Vadodara Gujarat and Hyderabad Telangana in India constituted the DuPont Services Center and DuPont Knowledge Center respectively Regulation EditThe European Commission opened a probe to assess whether the proposed merger was in line with the EU s respective regulations The Commission investigated whether the deal reduced competition in areas such as crop protection seeds and petrochemicals 60 The closing date for the merger was repeatedly delayed due to these regulatory inquiries 61 62 Ed Breen said the companies were negotiating possible divestitures in their pesticide operations to win approval for the deal As part of their EU counterproposal the companies offered to dispose of a portion of DuPont s crop protection business and associated R amp D as well as Dow s acrylic acid copolymers and ionomers businesses 63 64 The remedy submission in turn delayed the Commission s review deadline to April 4 2017 The intended spins of the company businesses were expected to occur about 18 months after closing 64 According to the Financial Times the merger was on track for approval in March 2017 65 Dow Chemical and DuPont postponed the planned deadline during late March as they struck an 1 6 billion asset swap with FMC Corporation in order to win the antitrust clearances DuPont acquired the Corporation s health and nutrition business while selling its herbicide and insecticide properties 66 67 The European Commission conditionally approved the merger as of April 2017 although the decision was said to consist of over a thousand pages and was expected to take several months to be released publicly As part of the approval Dow must also sell off two acrylic acid co polymers manufacturing facilities in Spain and the US China conditionally cleared the merger in May 2017 68 67 69 According to former United States Secretary of Agriculture during the Clinton administration Dan Glickman and former Governor of Nebraska Mike Johanns by creating a single independent U S based and owned pure agriculture company Dow and DuPont would be able to compete against their still larger global peers 70 The merger was not opposed by competition authorities around the world due to the view that it did not have noticeable impact on the global seed markets 71 On the other hand if Monsanto and Bayer the 1st and 3rd largest biotech and seed firms together with Dow and DuPont being the 4th and 5th largest biotechnology and seed companies in the world respectively both went through with the mergers the so called Big Six including Syngenta and BASF 72 in the industry would control 63 percent of the global seed market and 76 percent of the global agriculture chemical market They would also control 95 percent of corn soybeans and cotton traits in the US Both duopolies would become the big two industry dominators Reception and recognition EditDuPont has been awarded the National Medal of Technology four times first in 1990 for its invention of high performance man made polymers such as nylon neoprene rubber Teflon fluorocarbon resin and a wide spectrum of new fibers films and engineering plastics the second in 2002 for policy and technology leadership in the phaseout and replacement of chlorofluorocarbons DuPont scientist George Levitt was honored with the medal in 1993 for the development of sulfonylurea herbicides In 1996 DuPont scientist Stephanie Kwolek was recognized for the discovery and development of Kevlar In the 1980s Dr Jacob Lahijani Senior Chemist at DuPont invented Kevlar 149 and was highlighted in the Innovation Agent of Change 73 Kevlar 149 is used in armor belts hoses composite structures cable sheathing gaskets brake pads clutch linings friction pads slot insulation phase barrier insulation and interturn insulation 74 Following the DuPont and Dow merger and subsequent spinoff this product line remained with DuPont 74 On the company s 200th anniversary in 2002 it was presented with the Honor Award by the National Building Museum in recognition of DuPont s products that directly influence the construction and design process in the building industry 75 Controversies EditEnvironmental record Edit DuPont was part of Global Climate Coalition a group that lobbied against taking action on climate change 76 DuPont is additionally a company which has been criticized and called out for its activities in Cancer Alley and while not as vocally criticized as ExxonMobil when it comes to its activities in Cancer Alley DuPont has been blamed for emitting chloroprene and has been connected by some to anecdotes of illnesses and ailmen as told by residents of Cancer Alley 77 In 1999 attorney Robert Bilott filed a lawsuit against DuPont alleging chemical waste perfluorooctanoic acid fouled the property of a cattle rancher in Parkersburg West Virginia A subsequent lawsuit in 2004 alleged DuPont s actions led to widespread water contamination in West Virginia and Ohio which contributed to high rates of cancers and other health problems Most of the over 3 000 lawsuits were ultimately settled for over 700 million 78 and DuPont paid 16 5 million in fines to the Environmental Protection Agency 79 Bilott s cases were featured in several newspapers and a book and were adapted in the 2019 film Dark Waters In 2005 BusinessWeek magazine in conjunction with the Climate Group ranked DuPont as the best practice leader in cutting their carbon gas emissions DuPont reduced its greenhouse gas emissions by more than 65 percent from the 1990 levels while using 7 percent less energy and producing 30 percent more product 80 81 In May 2007 the 2 1 million DuPont Nature Center at Mispillion Harbor Reserve a wildlife observatory and interpretive center on the Delaware Bay near Milford Delaware was opened to enhance the beauty and integrity of the Delaware Estuary The facility will be state owned and operated by the Delaware Department of Natural Resources and Environmental Control DNREC 82 83 In 2010 researchers at the Political Economy Research Institute of the University of Massachusetts Amherst ranked DuPont as the fourth largest corporate source of air pollution in the United States 84 DuPont released a statement that 2012 total releases and transfers were 13 lower than 2011 levels and 70 lower than 1987 levels 85 Data from the U S Environmental Protection Agency EPA s Toxic Release Inventory database included in the Political Economy Research Institute studies likewise show a reduction in DuPont s emissions from 12 4 million pounds of air releases and 22 4 million pounds of toxic incinerator transfers in 2006 86 to 10 94 million pounds and 22 0 million pounds respectively in 2010 Over the same period the Political Economy Research Institutes Toxic score for DuPont increased from 122 426 to 7 086 303 87 One of DuPont s facilities was listed No 4 on the Mother Jones top 20 polluters of 2010 legally discharging over 5 000 000 pounds 2 300 000 kg of toxic chemicals into New Jersey and Delaware waterways 88 In 2016 Carneys Point Township New Jersey where the facility is located initiated a 1 1 billion lawsuit against the corporation accusing it of divesting an unprofitable company without first remediating the property as required by law 89 In 2012 DuPont was named to the Carbon Disclosure Project Global 500 Leadership Index Inclusion is based on company performance on sustainability metrics emissions reduction goals and environmental performance transparency 90 In 2014 DuPont was the top scoring company in the chemical sector according to CDP with a score of A or B in every evaluation area except for supply chain management 91 Between 2007 and 2014 there were thirty four accidents resulting in toxic releases at DuPont plants across the U S with a total of 8 fatalities 92 Four employees died of suffocation in a Houston Texas accident involving leakage of nearly 24 000 pounds 11 000 kg of methyl mercaptan 93 As a result the company became the largest of the 450 businesses placed into the Occupational Safety and Health Administration s severe violator program in July 2015 The program was established for companies OSHA says have repeatedly failed to address safety infractions 94 95 Since the 2017 spin off the company has adapted its marketing and branding in order to establish a new identity that is fundamentally different from DowDuPont The company published a list of sustainability commitments to be achieved by 2030 in November 2019 96 DuPont was fined over 3 million for environmental violations in 2018 97 In 2019 DuPont led the Toxic 100 Water Polluters Index 98 Genetically modified foods Edit Main article Genetically modified food controversies Pioneer Hi Bred a DuPont subsidiary until 2019 manufactures genetically modified seeds other tools and agricultural technologies used to increase crop yield In 2019 DowDuPont spun off its agricultural unit which included Pioneer Hi Bred as an independent public company under the name Corteva 99 Chlorofluorocarbons Edit Dupont along with Frigidaire and General Motors was a part of a collaborative effort to find a replacement for toxic refrigerants in the 1920s resulting in the invention of chlorofluorocarbons CFCs by Thomas Midgley in 1928 100 CFCs are ozone depleting chemicals that were used primarily in aerosol sprays and refrigerants DuPont was the largest CFC producer in the world with a 25 percent market share in the 1980s totaling 600 million in annual sales 101 In 1974 responding to public concern about the safety of CFCs 102 DuPont promised to stop production of CFCs should they be proven to be harmful to the ozone layer However after the discovery of grave ozone depletion in 1986 DuPont as a member of the industry group Alliance for Responsible CFC Policy lobbied against regulations of CFCs By 1989 it reversed course after calculating that it would profit from production of other chemicals used to replace CFCs 103 In February 1988 United States Senator Max Baucus along with two other senators wrote to DuPont reminding the company of its pledge The Los Angeles Times reported that the letter was generally regarded as an embarrassment for DuPont which prides itself on its reputation as an environmentally conscious company 101 The company responded with a strongly worded letter that the available evidence did not support a need to dramatically reduce CFC production and calling the proposal unwarranted and counterproductive 104 On March 14 of the same year scientists from the National Aeronautics and Space Agency announced the results of a study demonstrating a 2 3 decline in mid latitude ozone levels between 1969 and 1986 along with evidence tying the decline to CFCs in the upper atmosphere 105 On March 24 DuPont reversed its position calling the NASA results important new information and announcing that it would phase out CFC production The company further called for worldwide controls on CFC production and for additional countries to ratify the Montreal Protocol DuPont s change of policy was widely praised by environmentalists 106 In 2003 DuPont was awarded the National Medal of Technology recognizing the company as the leader in developing CFC replacements 107 Perfluorooctanoic acid PFOA C8 Edit DuPont has faced fines from the EPA and litigation over releases of the Teflon processing aid perfluoro octanoic acid PFOA also known as C8 from their works in Washington West Virginia 108 PFOA contaminated drinking water led to increased levels of the compound in the bodies of residents who lived in the surrounding area A court appointed C8 Science Panel investigated whether or not there is a probable link between C8 exposure and disease in the community 109 In 2011 the panel concluded that there is a probable link between PFOA and kidney cancer testicular cancer thyroid disease high cholesterol pre eclampsia and ulcerative colitis 110 Water contamination in the Netherlands and links to cancer are also being investigated 111 DuPont agreed to sharply reduce its output of PFOA 112 and was one of eight companies to sign on with the EPA s 2010 2015 PFOA Stewardship Program The agreement called for the reduction of facility emissions and product content of PFOA and related chemicals on a global basis by 95 percent by 2010 and to work toward eliminating emissions and product content of these chemicals by 2015 113 DuPont phased out PFOA entirely in 2013 Unlike other persistent organic pollutants PFOA persists indefinitely and is completely resistant to bio degradation remaining toxic The only way to reduce levels in the body is by physical elimination rather than degradation 114 In 2014 the International Agency for Research on Cancer designated PFOA as possibly carcinogenic in humans 115 In October 2015 one Ohio resident was awarded 1 6 million when a jury found that her kidney cancer was caused by PFOA in drinking water In December 2016 2 million was awarded when a jury found it caused the plaintiff s testicular cancer and awarded punitive damages of 10 5 million 116 This was the third case where a jury found DuPont liable for injuries resulting from exposure to PFOA in drinking water sources There were 3 500 similar cases awaiting trial c 2015 According to the co lead counselor internal documents revealed during trial showed DuPont had known of a link between PFOA and cancers since 1997 DuPont maintains it has always handled PFOA reasonably and responsibly based on the information they and industry regulators had available during its use However the jury concluded that DuPont did not act to prevent harm or inform the public despite the information available 117 In 2017 DuPont settled 3 550 personal injury claims related to the Parkersburg West Virginia plant for 671 million 118 119 The litigation was the subject of the 2019 Todd Haynes film Dark Waters starring Mark Ruffalo Imprelis Edit In October 2010 DuPont began marketing a herbicide called Imprelis for control of certain plants in turf areas DuPont voluntarily pulled Imprelis from the market in August 2011 before the EPA issued a mandatory stop sale order on Imprelis after being alerted of numerous reports from golf courses to nurseries that the product was suspected of injuring and in some cases killing trees Norway spruce white pines and honey locust proved to be among the species of trees that were susceptible 120 121 Price fixing Edit In 2005 the company pleaded guilty to fixing prices of chemicals and products that used neoprene a synthetic rubber resulting in an 84 million fine 122 See also Edit Philadelphia portal Companies portalDark Waters The Devil We Know PFAS Du Pont family DuPont v Kolon Industries Foxcatcher Hagley Museum and Library Longwood Gardens Krebs Pigments and Chemical Company Team FoxcatcherReferences Edit 2021 Annual Report Form 10 K U S Securities and Exchange Commission February 11 2022 Dow DuPont complete planned merger to 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Mispillion Harbor Reserve Opens Archived from the original on September 29 2007 DuPont Nature Center Dedicated in Delaware Archived from the original on May 15 2016 1 Political Economy Research InstituteToxic 100 Archived October 1 2011 at the Wayback Machine retrieved Aug 13 2007 DuPont Position Statement Toxic Release Inventory DuPont USA Archived from the original on November 18 2015 PERI Toxic 100 Index 2010 Archived from the original on March 4 2016 PERI Toxic 100 Air Polluters 2013 Archived from the original on November 18 2015 America s Top 10 Most Polluted Waterways Mother Jones Archived from the original on December 20 2015 Retrieved December 12 2015 Small N J town files 1 1 billion lawsuit against DuPont NJ com December 21 2016 Archived from the original on August 24 2017 Retrieved October 26 2017 DuPont recognized for environmental leadership Commercial Architecture Magazine October 2012 Archived from the original on November 17 2015 DuPont Leads Chemical Firms Preparing for a Low Carbon Economy Environmental Leader Environmental Management News Archived from the original on November 17 2015 Olsen Lise December 8 2014 DuPont s safety record has slipped in recent years Houston Chronicle Archived from the original on December 22 2015 Retrieved November 10 2015 Report finds series of errors caused deadly DuPont plant accident in La Porte News Home October 2015 Archived from the original on November 3 2015 Mordock Jeff November 9 2015 Cuts start under new DuPont CEO delawareonline com Retrieved November 12 2015 2015 07 09 2015 Deaths of four workers prompts deeper look at DuPont Safety Practices Archived from the original on December 22 2015 Dao Emily October 30 2019 DuPont Formerly The Largest Chemical Company Announces Nine New Sustainability Goals The Rising The Most Important Sustainability Stories Archived from the original on November 4 2019 Retrieved November 4 2019 DuPont de Nemours Violation Tracker violationtracker goodjobsfirst org Archived from the original on January 26 2021 Retrieved September 25 2020 Baylor Matthew July 25 2019 PERI Toxic 100 Water Polluters Index www peri umass edu Archived from the original on December 9 2020 Retrieved September 25 2020 Corteva Agriscience Agriculture Division of DowDuPont Provides Pipeline Update Press release PR Newswire February 28 2019 Laboratory US Department of Commerce NOAA Earth System Research ESRL Global Monitoring Division Halocarbons and other Atmospheric Trace Species www esrl noaa gov Archived from the original on February 16 2017 Retrieved February 15 2017 a b Du Pont Will Stop Making Ozone Killers Los Angeles Times March 25 1988 Archived from the original on October 25 2015 DuPont Refrigerants History Timeline 1970 Archived May 14 2006 at the Wayback Machine URL accessed March 29 2006 Rich Nathaniel August 5 2018 Losing Earth The Decade We Almost Stopped Climate Change The New York Times Magazine pp 4 ISSN 0028 7822 Archived from the original on January 15 2022 Glaberson William March 26 1988 Behind Du Pont s Shift On Loss of Ozone Layer The New York Times Archived from the original on June 26 2017 Du Pont acts to cut ozone decay Chicago Tribune March 25 1988 Archived from the original on November 17 2015 Glaberson William March 26 1988 Behind Du Pont s Shift On Loss of Ozone Layer The New York Times Archived from the original on June 26 2017 Scientists technologists win honors NBC News October 22 2003 Archived from the original on November 17 2015 Clapp Richard Hoppin Polly Jagai Jyotsna Johnson Sara Case Studies in Science Policy Perfluorooctanoic Acid Project on Scientific Knowledge and Public Policy SKAPP Archived from the original on March 1 2009 Retrieved October 25 2008 C8 Science Panel The Science Panel Archived October 11 2008 at the Wayback Machine Accessed October 25 2008 Rich Nathaniel January 6 2016 The Lawyer Who Became DuPont s Worst Nightmare The New York Times Archived from the original on January 9 2016 Van Groningen Elco Kary Tiffany Kaskey Jack April 10 2016 Dutch Blood Testing Takes DuPont Teflon Safety Scare to Europe Bloomberg Archived from the original on February 1 2017 Retrieved January 21 2017 Renner Rebecca Scientists hail PFOA reduction plan Environmental Science amp Technology Online Policy News March 25 2005 Accessed October 25 2008 USEPA 2010 15 PFOA Stewardship Program Archived October 27 2008 at the Wayback Machine Accessed October 25 2008 Olsen Geary Burris Jean Ehresman David Froehlich John Seacat Andrew Butenhoff John Zobel Larry 2007 Half Life of Serum Elimination of Perfluorooctanesulfonate Perfluorohexanesulfonate and Perfluorooctanoate in Retired Fluorochemical Production Workers Environ Health Perspect 115 9 1298 1305 doi 10 1289 ehp 10009 PMC 1964923 PMID 17805419 Benbrahim Tallaa L Lauby Secretan B Loomis D Guyton KZ Grosse Y El Ghissassi F Bouvard V Guha N Mattock H Straif K 2014 Carcinogenicity of perfluorooctanoic acid tetrafluoroethylene dichloromethane 1 2 dichloropropane and 1 3 propane sultone Lancet Oncol 15 9 924 5 doi 10 1016 s1470 2045 14 70316 x PMID 25225686 Earl Rinehart The Columbus Dispatch DuPont lawsuits re PFOA pollution in USA Business amp Human Rights Resource Centre Archived from the original on February 3 2017 Retrieved January 21 2017 Trager Rebecca DuPont found liable for cancer case Chemistry World Archived from the original on November 16 2015 Retrieved November 10 2015 Arathy S Nair Reuters USA February 13 2017 USA DuPont settles 3550 claims over illnesses linked to pollution for 671 million Business amp Human Rights Resource Centre Retrieved December 21 2020 a href Template Cite web html title Template Cite web cite web a author1 has generic name help Nair Arathy S February 13 2017 DuPont settles lawsuits over leak of chemical used to make Teflon Reuters Retrieved February 21 2021 Detroit Free Press May 21 2012 page A1 Howard Richman May 2014 Aftermath GCM Magazine Archived from the original on February 2 2017 Retrieved January 21 2017 DuPont Dow unit fined for price fixing Baltimore Sun Bloomberg Archived from the original on November 11 2015 Retrieved November 10 2015 Further reading EditArora Ashish Ralph Landau and Nathan Rosenberg eds 2000 Chemicals and Long Term Economic Growth Insights from the Chemical Industry Cerveaux Augustin 2013 Taming the Microworld DuPont and the Interwar Rise of Fundamental Industrial Research Technology and Culture 54 April 2013 262 88 Chandler Alfred D 1971 Pierre S Du Pont and the making of the modern corporation Chandler Alfred D 1969 Strategy and Structure Chapters in the History of the American Industrial Enterprise du Pont B G 1920 E I du Pont de Nemours and Company A History 1802 1902 Boston and New York Houghton Mifflin Company Grams Martin The History of the Cavalcade of America Sponsored by DuPont Morris Publishing 1999 ISBN 0 7392 0138 7 Haynes Williams 1983 American chemical industry clarification needed Hounshell David A and Smith John Kenly JR 1988 Science and Corporate Strategy Du Pont R and D 1902 1980 Cambridge and New York Cambridge University Press ISBN 0 521 32767 9 Kinnane Adrian 2002 DuPont From the Banks of the Brandywine to Miracles of Science Wilmington E I du Pont de Nemours and Company ISBN 0 8018 7059 3 Ndiaye Pap A trans 2007 Nylon and Bombs DuPont and the March of Modern America Zilg Gerard Colby DuPont Behind the Nylon Curtain Prentice Hall 1974 623 pages ISBN 0 13 221077 0 Zilg Gerard Colby Du Pont Dynasty Behind the Nylon Curtain Secaucus NJ Lyle Stuart 1984 968 pages ISBN 0 8184 0352 7External links Edit Wikimedia Commons has media related to DuPont Official website Corporate History as presented by the company Works by DuPont at LibriVox public domain audiobooks Historical business data for DuPont SEC filings Business data for DuPont de Nemours Inc BloombergGoogleReutersSEC filingsYahoo Retrieved from https en wikipedia org w index php title DuPont amp oldid 1134543056, wikipedia, wiki, book, books, library,

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