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US biotech company From Wikipedia, the free encyclopedia
Genencor is a biotechnology company based in Palo Alto, CA and a subsidiary of IFF.[1] Genencor is a producer of Industrial enzymes and low-priced bulk protein. The name Genencor originates with Genencor, Inc., the original joint venture between Genentech and Corning Incorporated, which was founded in 1982. It is considered to have pioneered the field of industrial biotechnology, as distinct from traditional applications of biotechnology to health care and agriculture.
| |
| Company type | Subsidiary |
|---|---|
| Industry | Biotechnology |
| Founded | 1982 |
| Headquarters | Palo Alto, California, U.S. |
Key people | Tjerk de Ruiter (Chairman & CEO) |
| Products | Purafect, Properase, Spezyme |
| Revenue |  US$380 million (2005) |
Number of employees | 1,500 (2005) |
| Parent | IFF |
| Website | biosciences |
In 2005 Genencor was acquired by Danisco.[2]
In 2008 Genencor entered a joint venture with DuPont, called DuPont Danisco Cellulosic Ethanol LLC, to develop and commercialize low cost technology for the production of cellulosic ethanol. In 2008, Genencor and Goodyear announced they were working to develop BioIsoprene.
In 2011, DuPont acquired Danisco for $6.3 billion.[3]
In 2021, portions of DuPont including the Genencor division were acquired by International Flavors & Fragrances.[4]
Genencor achieved the following awards:[citation needed]
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