THE EMERGING BIOBASED ECONOMY

A Vision from IndustryLiekel Faber

Genencor International Ltd

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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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Genencor Division at a glance

- 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

Develops and produces enzymes for industrial applications

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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!

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$693 $693

MMMM

$912 $912

MMMM

$253 $253

MMMM

$1,351 MM$1,351 MM

Genencor & Danisco = New Opportunities

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Chemicals

Polymers

Specialties

Glucose

MixedSugars

Sucrose

Sugar CaneBeet

Starch Grains

Lignocellulose

Co-Products

BioRefinery

Upgraded Co-Products

Enzymes

Fuels

Cell Factory

Genencor’s Biorefinery

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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

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Genencor and Russia

Why are we active in Russia?

- Special project

-Market approach

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Genencor and Russia

Investment climate in Russia.

- potential and resources

- agriculture - bio-refineries / bio-economy

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Genencor and Russia

Private sector and the State – a partnership?

- State’s role

- Creation

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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

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Genencor and Russia

Thank you for your attention

And we wish you a successful continuation of this interesting East- West dialogue