Pioneer, Iowa Corn Promotion Board to Sponsor Iowa Corn Indy 250

Sponsorship Helps Educate Consumers about the Benefits of Biofuels

DES MOINES, Iowa, Dec. 13, 2007 - Pioneer Hi-Bred, a DuPont business, the Iowa Corn Promotion Board and the Iowa Corn Growers Association announced today a partnership to educate consumers about ethanol through sponsorship of the Iowa Corn Indy 250. Pioneer joins Iowa Corn as the presenting sponsor for June 22, 2008, race and the yet to be announced date for 2009.

"We are excited about the opportunity to help showcase the advances being made in biofuels and the role they can play in the effort to reduce our nation's reliance on petroleum," said Paul Schickler, Pioneer president and DuPont vice president and general manager.

During the 2007 racing season, all Indy Car Series cars ran on 100 percent fuel-grade ethanol. The inaugural race at the Iowa Speedway in June showcased the power and performance of ethanol-enriched fuel to Iowa race fans.

"Iowa Corn is again sponsoring the Iowa Corn Indy 250 to educate consumers on the benefits of corn-based ethanol and to also thank our Iowa corn growers for the many years they have spent tirelessly promoting the corn industry," said Julius Schaaf, chairman of the Iowa Corn Promotion Board. "Pioneer has been a great supporter and promoter of renewable fuels and we look forward to partnering with them for the 2008 and 2009 races."

The Pioneer commitment is one part of a three-part strategy by DuPont to deliver new technologies to the growing biofuels market while continuing to meet growing demand for grain corn, soybeans and other crops. The strategy includes: improving the yield of grain ethanol production through the research and technology expertise of Pioneer; developing technologies to convert cellulosic feedstocks into biofuels; and discovering new technologies to make improved biofuels with enhanced fuel properties such as biobutanol.

Pioneer is enhancing ethanol and co-product value by taking a holistic approach toward increasing ethanol yield per bushel, overall corn yield per acre and improving feed quality of ethanol co-products. The company has more than 180 Pioneer® brand high total fermentable ethanol hybrids that are part of the Pioneer IndustrySelect® program which provides seed products with specific grain traits to end users, including the ethanol industry.

"The world is demanding alternative energy options and the agricultural industry is delivering, using science and technology to meet the challenge," Schickler said. "What better way to showcase the advances being made in alternative fuels than through sponsorship of the Iowa Corn Indy 250."

The Iowa Corn Promotion Board works to develop and defend markets, fund research, and provide education about corn and corn products. The Iowa Corn Growers Association is a membership organization, lobbying on agricultural issues on behalf of its 6,000 members. For more information, visit the Iowa Corn website .

Pioneer Hi-Bred, a DuPont business, is the world's leading source of customized solutions for farmers, livestock producers and grain and oilseed processors. With headquarters in Des Moines, Iowa, Pioneer provides access to advanced plant genetics in nearly 70 countries.

DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.

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12/13/07

Contacts:
Mindy Williamson
Iowa Corn 515-225-9242

Patrick Arthur
Pioneer Hi-Bred
515-334-6515