DuPont (1802–2017) in the context of Tour DuPont


DuPont (1802–2017) in the context of Tour DuPont

⭐ Core Definition: DuPont (1802–2017)

DuPont de Nemours, Inc., commonly shortened to DuPont, is an American multinational chemical company first formed in 1802 by French-American chemist and industrialist Éleuthère Irénée du Pont de Nemours. The company played a major role in the development of the U.S. state of Delaware and first arose as a major supplier of gunpowder. DuPont developed many polymers such as Vespel, neoprene, nylon, Corian, Teflon, Mylar, Kapton, Kevlar, Zemdrain, M5 fiber, Nomex, Tyvek, Sorona, viton, Corfam and Lycra in the 20th century, and its scientists developed many chemicals, most notably Freon (chlorofluorocarbons), for the refrigerant industry. It also developed synthetic pigments and paints including ChromaFlair.

In 2015, DuPont and the Dow Chemical Company agreed to a reorganization plan in which the two companies would merge and split into three. As a merged entity, DuPont simultaneously acquired Dow and renamed itself to DowDuPont on August 31, 2017. After 18 months it spun off the merged entity's material science divisions into a new corporate entity bearing Dow Chemical's name and the agribusiness divisions into the newly created Corteva; DowDuPont reverted its name to DuPont and kept the specialty products divisions. Prior to the spinoffs it was the world's largest chemical company in terms of sales. The merger has been reported to be worth an estimated $130 billion.

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👉 DuPont (1802–2017) in the context of Tour DuPont

The Tour DuPont was a cycling stage race in the United States held annually between 1989 and 1996, initially called the Tour de Trump in the first two years. It was intended to become a North American cycling event similar in format and prestige to the Tour de France. The tour's names came from its sponsors, first the businessman (and future U.S. President) Donald Trump and then later DuPont.

The race was held in the mid-Atlantic states, including areas near DuPont's Wilmington, Delaware, headquarters. DuPont withdrew their sponsorship of the race after the 1996 edition, and the event has not been run since. During the eight-year history of the race as both the Tour de Trump and the Tour DuPont, it was won twice by Mexican rider Raúl Alcalá and twice by American Lance Armstrong. The race was cited as evidence of Richmond, Virginia's ability to host international cycle racing when the city successfully bid for the 2015 UCI Road World Championships.

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DuPont (1802–2017) in the context of Polytetrafluoroethylene

Polytetrafluoroethylene (PTFE) is a synthetic fluoropolymer of tetrafluoroethylene, and has numerous applications because it is chemically inert. The commonly known brand name of PTFE-based composition is Teflon by Chemours, a spin-off from DuPont, which originally invented the compound in 1938.

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DuPont (1802–2017) in the context of Successors of Standard Oil

Following the 1911 Supreme Court ruling that found Standard Oil was an illegal monopoly, the company was broken up into 39 different entities, divided primarily by region and activity. Many of these companies later became part of the Seven Sisters, which dominated global petroleum production in the 20th century, and became a majority of today's largest investor-owned oil companies, with most tracing their roots back to Standard Oil. Some descendants of Standard Oil were also given exclusive rights to the Standard Oil name.

Today, many of Standard Oil's 39 successor entities play roles in the oil industry, either on their own or through being acquired by other companies. Standard Oil of New Jersey, the controlling division of Standard Oil at the time of the 1911 breakup, continues to exist as ExxonMobil, formed from the merger of it and Standard Oil of New York. BP has also acquired many Standard Oil descendants, most notably Standard Oil of Ohio and Amoco (Standard Oil of Indiana). Saudi Aramco, the state-owned oil company of Saudi Arabia, also traces its origins to Standard Oil as the Arab kingdom founded it in a partnership with Standard Oil of California, today known as Chevron Corporation. Other companies themselves not primarily focused on the petroleum industry have owned or previously owned Standard Oil descendants, including U.S. Steel (which previously owned Marathon Oil), the first incarnation of DuPont (which previously owned Conoco), and Unilever (which presently owns Chesebrough and Vaseline). Among Standard Oil's largest non-petroleum descendants is the credit bureau TransUnion, which originally was divested from the Standard-descending Union Tank Car Company.

View the full Wikipedia page for Successors of Standard Oil
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