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THE EMERGING BIOBASED ECONOMY A Vision from Industry. Liekel Faber Genencor International Ltd. Agenda. Genencor’s Vision Genencor’s role as key player in Industrial Biotech Genencor in Russia – personal experience - why Russia - state-private partnership - investment climate.
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THE EMERGING BIOBASED ECONOMY A Vision from Industry Liekel Faber Genencor International Ltd
Agenda • Genencor’s Vision • Genencor’s role as key player in Industrial Biotech • Genencor in Russia – personal experience - why Russia - state-private partnership - investment climate
Genencor Division at a glance Develops and produces enzymes for industrial applications - History traced to 1982 - >$400 Million in Total Revenues during 2004 - 8 Bioproducts manufacturing sites - As of 12/31/04 an IP portfolio included 484 US issued patents and 855 US pending patent applications -Approximately 1200 Employees Worldwide
Genencor has a role to play in Industrial Biotech! Genencor’s Products In Everyday Life: • Innovation for Many Industries: • Cleaning • Textiles • Starch Processing, Fuel Ethanol • Food & Animal Feed • Expanding the boundaries of biotechnology • Decontaminating chemical & biological weapons • Decontaminating prions that cause “mad cow” disease • Catalyst of the Biobased Economy™ • Biochemicals • Bioenergy • Biomaterials Delivering on the Promise of Biotechnology for Over two Decades!
$693 MM $912 MM $253 MM $1,351 MM Genencor & Danisco = New Opportunities
Genencor’s Biorefinery Fuels Cell Factory Sugar Cane Beet Chemicals Sucrose Starch Grains Glucose BioRefinery Enzymes Mixed Sugars Polymers Lignocellulose Co-Products Specialties Upgraded Co-Products
Biomass conversion is the Key to the Vision Needed: non-food parts of food crops (wheat straw, wood chips, recycled paper, corn stalks, etc.) and dedicated energy crops requiring low in-puts (switchgrass) Genencor’s role: with a US DOE’s NREL Contract to substantially reduce cost of enzyme production - 30-fold cost improvement achieved
Genencor and Russia Why are we active in Russia? - Special project -Market approach
Genencor and Russia Investment climate in Russia. - potential and resources - agriculture - bio-refineries / bio-economy
Genencor and Russia Private sector and the State – a partnership? - State’s role - Creation
Genencor’s broad vision • We envision a future where biotechnology fulfills many unmet needs.. • In development and deployment of industrial enzymes • In the production of fuels, chemicals & materials • We envision a future where biotechnology helps create sustainable industrial activities • We envision a future where biorefineries take their place alongside oil refineries
Genencor and Russia • Thank you for your attention • And we wish you a successful continuation of this interesting East- West dialogue