Tate & Lyle and Dupont - Annouces joint development agreement

| Filed in:
LONDON, August 1, 2000 - Tate & Lyle Citric Acid, a subsidiary of UK-based Tate & Lyle PLC, and DuPont's Bio-Based Materials business today announced that they have entered into a joint development agreement that is a significant step towards manufacturing advanced polymers from renewable sources.

The two companies have agreed to develop the process that turns a carbohydrate base into 1-3 propanediol (PDO). This is then used to manufacture DuPont Soronaª (www.dupont.com/sorona), the most advanced polymer platform in DuPont's science portfolio with a wide range of applications such as textiles, upholstery fabrics and resins.

This agreement furthers DuPont's efforts to produce PDO from renewable sources such as corn starch and creates a new opportunity for Tate & Lyle to add value to carbohydrates.

"This is an excellent fit with our global carbohydrates business and an important opportunity to advance our strategy of growing through developing new value-added products," said Larry Pillard, Chief Executive, Tate & Lyle.

"This alliance represents another step forward in our ability to commercially produce PDO from corn starch or other low cost fermentable carbohydrates which are renewable sources," said Ellen J. Kullman, DuPont Group Vice President and General Manager. "We bring the microorganism, market knowledge and process technology to the alliance, while Tate & Lyle brings bio-chemical and fermentation expertise, site infrastructure and access to raw materials."

It is expected that a pilot plant for the process will be completed by year-end. "The goal of the pilot plant is to help ensure that the process and economics benefit both parties before a manufacturing facility is built by 2003," concluded Kullman.

The Tate & Lyle Group is a global leader in carbohydrate processing. Operating in some 50 countries, the Group's brands and high quality ingredients add value to consumer products around the world. Using fermentation technology and carbohydrate raw materials, Tate & Lyle Citric Acid is the world's largest citric acid producer.

DuPont (www.dupont.com) is a science company, delivering science-based solutions that make a difference in people's lives in food and nutrition; health care; apparel; home and construction; electronics; and transportation. Founded in 1802, the company operates in 70 countries and has 94,000 employees.

Forward Looking Statements: This news release contains forward-looking statements based on management's current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in DuPont's filings with the Securities and Exchange Commission, particularly its latest annual report on Form 10-K, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions of countries in which the company does business; competitive pressures; successful integration of structural changes, including acquisitions, divestitures and alliances; research and development of new products, including regulatory approval and market acceptance, and seasonality of sales of agricultural products.

Press Enquiries DuPont USA: Irv Lipp
[email protected] Tel: 302 774 7447

About Tate & Lyle: 
Tate & Lyle is a global provider of solutions and ingredients for food, beverage and industrial markets.

Tate & Lyle operates through two global divisions, Food & Beverage Solutions and Primary Products, supported by the Innovation and Commercial Development and Global Operations teams. Food & Beverage Solutions is focused on growth by building leading positions globally in the categories of beverages, dairy, and soups, sauces and dressings. Primary Products is focused on delivering steady earnings and generating cash.

Food & Beverage Solutions consists of: Texturants, including speciality starches; Sweeteners, including low- and no-calorie sweeteners; and a Health and Wellness portfolio comprising mainly speciality fibres; and Stabilisers and Functional Systems, which are bespoke ingredient blends that ensure foods retain their structure.

Primary Products consists of high-volume sweeteners, industrial starches and fermentation products (primarily acidulants).  It also sells co-products from the corn milling process as animal nutrition.

Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2019, Tate & Lyle sales totalled £2.9 billion. For more information, please visit http://www.tateandlyle.com or follow Tate & Lyle on Twitter or Linkedin.