A DuPont (DD) report, written in collaboration with FORTUNE's Content Marketing and Strategies Group, focuses on helping China maintain its fast rate of urbanization without hindering public safety, health and environmental protection, through the use of integrated science.
The report reveals that, according to a research conducted by the McKinsey Global Institute, China's urban economy could generate more than 90% of the country's economic output by 2025. McKinsey also estimates that by 2025, of the world’s 25 fastest growing cities, 13 will be in mainland China.
The report also states that although with the increase in China’s urban centers there has been considerable improvement in the living standards of the Chinese, the enhancement in lifestyle is also jeopardizing the county’s environment at the same time.
China needs to address four major challenges which include building safe infrastructure, creating safer workplaces, protecting the natural environment and promoting public safety. DuPont believes that with the help of science these challenges can be efficiently dealt with.
DuPont is creating partnerships so that scientific innovation will directly align with local market needs of China. One instance of it is consultants from DuPont Sustainable Solutions cooperated with China National Petroleum Corporation managers to lead regular staff safety training sessions with workers. DuPont also supplies BELCO scrubbers that major Chinese petrochemical refiners, including PetroChina, Sinopec and CNOOC, use to reduce toxic emissions.
DuPont is a global chemical and life sciences company and provides innovative products, materials, and services to the global market. The company beat expectations in first-quarter 2013 on the strength of its agriculture business, reflected by strong corn seeds and crop protection products sales.
DuPont currently retains a Zacks Rank #3 (hold).
Other companies in the chemical industry that are worth considering include Shin-Etsu Chemical Co., Ltd. (SHECY), Celanese Corporation (CE) and Methanex Corp. (MEOH). All of them retain a Zacks Rank #1 (Strong Buy).
More From Zacks.com