Tate & Lyle and Dupont - Annouces joint development agreement

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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 PLC is a leading global provider of food and beverage ingredients and solutions. Supported by our 160-year history of ingredient innovation, we partner with customers to provide consumers with healthier and tastier choices when they eat and drink. We are proud that millions of people around the world consume products containing our ingredients every day.

Through our expertise in sweetening, mouthfeel and fibre fortification, our Food & Beverage Solutions business develops solutions which reduce sugar, calories and fat, add fibre, and provide texture and stability in categories including beverages, dairy, bakery, soups, sauces and dressings. Our Primary Products business produces nutritive sweeteners, industrial starches used in paper and packaging, acidulants and products used for animal nutrition.

We have around 4,200 employees working in more than 60 locations across 30 countries. Tate & Lyle’s purpose is Improving Lives for Generations and through our purpose we believe we can successfully grow our business and have a positive impact on society. We live our purpose in three ways, by supporting healthy living, building thriving communities and caring for our planet.

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 2020, Tate & Lyle sales totalled £2.9 billion. For more information, please visit http://www.tateandlyle.com or follow Tate & Lyle on TwitterLinkedin or Facebook.