A 42% increase in the sale of metal pastes and other materials used in solar panels has contributed to improved earnings for chemical giant DuPont.
Net earnings were up 5% for the third quarter to US$7.7 billion, the company has reported.
The company, which makes a number of inks, pastes and backsheet materials for the PV industry, said it was looking to re-orientate itself away from some of its historical activities such as paint pigments.
CEO and chair Ellen Kullman has identified renewable energy as one of the key growth opportunities for the company’s long-term future.
Meanwhile, Rajaram Pai, business leader, DuPont Photovoltaic Solutions, South Asia told the PTI news agency that the company was in talks with a number of Indian manufacturers about potential tie-ups.
“For our new product, E-Frame, we are currently in discussions with some of the leading Indian solar panel manufacturers to validate the concept and evaluate product feasibility in the Indian installations,” said Pai.
DuPont has also invested in new solar research and development facilities. It has formed a research partnership with Chinese firm GD Solar.