Genencor: 50 Hottest Companies in Bioenergy candidate profile

Genencor
Based in: California
2008-09 ranking: Unranked

Business: Industrial Enzymes: Enzymes for 1st Generation Bioethanol (i.e., Enzymes for Starch Hydrolysis), Enzymes for Biomass Hydrolysis, (i.e., Cellulosic Ethanol). Biochemicals: C5 BioIsoprene platform for use in synthetic rubber; adhesives and specialty elastomer applications. BioFuels: C5 BioIsoprene platform for use in the production of branched chain hydrocarbons, C10 gasoline; C15 biodiesel and jet fuel blend stocks.

Model: Merchant enzyme supplier to ethanol/Biofuel industry. Integrated solutions provider in cellulosic Ethanol industry through DDCE JV. Developer/ Owner / Operator of BioIsoprene C5 platform for biochemicals and biofuels.

Past milestones:

1. First company to launch a commercial enzyme for biomass hydrolysis- Accellerase 1000.
2. Launched an improved commercial enzyme product (Accellerase 1500) in Feb 2009, as well as three “accessory enzymes” for process development.
3. DOE award for Enhancing Cellulase Commercial Performance for the Lignocellulosic Biomass Industry was announced in Feb 2008.
4. Announced an R&D collaboration with The Goodyear Tire and Rubber Company to establish a bio-based process to produce isoprene (BioIsoprene) in September 2008.  The first shipment of test quantities of BioIsoprene product to Goodyear was announced in March 2009.

Future milestones:

1. Continuing launch of high performance enzyme products that dramatically lower cost in use to enable the cellulosic biofuels industry.
2. Launching several new enzymes to reduce chemical costs, water and energy use in the production of 1st generation biofuels.
3. BioIsoprene C5 Platform:  Genencor builds relationships to enable further pilot and commercial development of BioIsoprene and BioIsoFuels, branched chain hydrocarbon advanced Biofuels.

Metrics: Global Danisco revenue outlook for fiscal 2009/10 is $2.5 Billion US. Genencor revenue in 2008/09 (ending in April 09) was $770 Million US.

Genencor quotable quotes: “Genencor delivers now to accelerate biorefinery commercial success!  Be it  starch ethanol, cellulosic ethanol, other biofuels or even renewable biochemicals, Genencor is one of the few industrial biotech companies that offers everything from discovery to delivery of new enzymes and products.  We have a strong IP portfolio, global production capability and economies of scale that few other companies can challenge.  Our innovation continues with world class R&D efforts to deliver dislocating products at cost structures that are relevant for the biofuels and renewable biochemicals markets.  Many people have good stories in this area, but Genencor is delivering today.”

The Hot 50 for 2009-10 will be released Tuesday, 12/1. Between now and then, you’ll see profiles of potential candidates in the Digest, and you’ll have a chance to vote for your favorites.

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