Greenbio

Name

Greenbio

Legal name

格林生物科技股份有限公司

Website

https://hangzhougrascent.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Fragrance & Flavor Ingredients

NAICS

Cyclic Crude, Intermediate, and Gum and Wood Chemical Manufacturing (325194)

SIC

Industrial Organic Chemicals (2860), Perfumes, Cosmetics & Other Toilet Preparations (2844)

akta.pro primary industry

International Specialty Ingredients & Import Markets (CRAHAFAL)

Keywords

• Fragrance ingredient manufacturing
• Aroma chemical production
• Cedarwood oil derivatives
• Synthetic biology flavors
• Flavor ingredient supply

Headquarters

HQ city

Shaowu

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Technology or R&D, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. B2B Fragrance and Flavor Ingredient Sales: Company manufactures and sells bio-sourced and fully synthetic fragrance and flavor ingredients (cedarwood oil derivatives, turpentine oil derivatives, and synthetic series) to global F&F companies and consumer goods manufacturers. Products are sold as bulk raw materials in large quantities to enterprise customers. Approximately 85% of products are exported to global markets. Revenue is generated through long-term supply contracts and ongoing commercial relationships with major customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Greenbio manufactures and globally supplies bio-sourced and fully synthetic fragrance and flavor ingredients used as raw materials by international fragrance and flavor houses and consumer-goods manufacturers. Its portfolio spans three series — cedarwood oil derivatives, turpentine oil derivatives (sandalwood-type), and a fully synthetic series — totaling 40+ products delivered in bulk under long-term supply contracts, with annual production capacity exceeding 12,000 tons across Zhejiang and Fujian production bases.

Product overview

Greenbio (格林生物科技股份有限公司 / Hangzhou Grascent Co., Ltd.) is a B2B manufacturer specializing in research, production, and marketing of premium fragrance and flavor ingredients. The company operates three main product series: (1) Cedarwood Oil Derivatives Series — fragrance ingredients with amber, cedarwood notes produced through molecular modification, including Methyl Cedryl Ketone, Methyl Cedryl Ether, and Cedryl Acetate; (2) Turpentine Oil Derivatives Series — sandalwood-type ingredients derived from turpentine oil, including Sandacanol (Bacdanol), Sandasweet (Sandalore), and Muscosandrol (Ebanol); and (3) Synthetic Series — nature-identical aroma chemicals through chemical synthesis, including Liliphenal (Bourgeonal), Beta-Damascone, Beta-Damascenone, Allyl Cyclohexyl Propionate (pineapple ester), Dimethyl Heptanol, and Chepanile (Peonile). The company exports approximately 85% of products globally and serves major international fragrance houses including Givaudan, Symrise, IFF, DSM-Firmenich, and Procter & Gamble. Annual production capacity exceeds 12,000 tons across two production bases in Zhejiang and Fujian provinces.

Differentiator

Problem solved

Functional benefit

Products and services

• Cedarwood Oil Derivatives Series (柏木油系列) Product series produced through molecular modification and advanced processing techniques to create high-quality fragrance ingredients with amber, cedarwood, and related notes valued for their modifying, harmonizing and fixative properties in daily-use fragrance formulations.
• Methyl Cedryl Ketone (甲基柏木酮) Long-lasting, refined woody fragrance ingredient with smooth amber and soft musky undertones and subtle earthy/powdery facets; the cornerstone of modern woody perfumery with exceptional fixative properties; CAS 32388-55-9; flagship product of which Greenbio is the largest global manufacturer and supplier.
• Methyl Cedryl Ether (甲基柏木醚) Soft, lasting, highly diffusive woody fragrance with airy amber, musk and ambergris facets; known for its lifting effect that enhances other fragrance materials; CAS 67874-81-1/19870-74-7.
• Cedryl Acetate (乙酸柏木酯) Gentle, long-lasting, dry woody aroma with subtle sweet, powdery and musky undertones; softer and more skin-friendly than cedarwood oil; CAS 77-54-3.
• Turpentine Oil Derivatives Series (松节油系列) Product series using turpentine oil exuded from pine trees as the primary raw material to produce sandalwood-type fragrance ingredients, primarily for daily-use fragrance formulations.
• Sandacanol (檀香208) Warm, soft, persistent sandalwood scent with creamy and woody nuances; iconic creamy woodiness with exceptional stability in alkaline conditions; CAS 28219-61-6/106185-75-5; also known as Bacdanol of IFF.
• Sandasweet (檀香210) Strong, dry, warm woody note with persistent sandalwood characteristics and subtle hints of leather and musk; exceptional diffusion and fixative capability; CAS 65113-99-7; also known as Sandalore of Givaudan.
• Muscosandrol (黑檀醇) Profound, enduring, sweet yet forceful woodiness with dried-fruit, tobacco, and lightly smoky leather nuances; known as Ebanol of Givaudan; CAS 67801-20-1.
• Fully Synthetic Series (全合成系列) Nature-identical aroma ingredients produced through chemical synthesis, delivering pure and authentic olfactory profiles for personal care and specific food-flavoring applications.
• Liliphenal (海金醇) Highly realistic and elegant lily-of-the-valley fragrance with fresh green nuances, soft powdery sweetness, and clean soapy undertone; also known as Bourgeonal of Givaudan; CAS 18127-01-0.
• Beta-Damascone (乙位突厥酮) Extremely intense, sweet, and profound rosy character with nuances of ripe plum, blackcurrant, apple, black tea, and tobacco; CAS 23726-91-2; FEMA 3243.
• Beta-Damascenone (乙位突厥烯酮) Intense, richly layered fragrance with ripe fruit, rose, honeyed warmth, tea notes, and a whisper of tobacco; ultra-low odor threshold of 0.009 ppb in water; CAS 23696-85-7/23726-93-4; FEMA 3420.
• Allyl Cyclohexyl Propionate (菠萝酯) Strong, realistic, sweet and juicy pineapple note with nuances of fermented tropical fruit liqueur and fruit peel; CAS 2705-87-5; FEMA 2026.
• Dimethyl Heptanol (二甲基庚醇) Strong, fresh fruity-green character with fatty undertones and woody base, displaying rum and wine-like alcoholic nuances when diluted; CAS 13254-34-7.
• Chepanile (香柑腈/牡丹腈) Strong, long-lasting floral character with powdery sweetness, fresh green-leaf nuances and watery luminosity, mirroring the elegance of peony and Chinese peony; also known as Peonile of Givaudan; CAS 10461-98-0.

Quantifiable outcome

• Annual production capacity exceeding 12,000 tons of premium aroma chemicals
• +5 more outcomes

Named customers8 records

Segments3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core.

• CAFFCI (China Association of Fragrance, Flavor and Cosmetic Industries)coreStrategic or Co-development Partner · 1 January 2025Greenbio maintains a close relationship with CAFFCI. Chairman Lu Wencong led a delegation to visit CAFFCI in November 2025. CAFFCI serves as a bridge fostering deeper collaboration between the Fragrance & Flavor Division and leading enterprises. The association recognized Greenbio's exemplary leadership within the industry.
• FirmenichcoreStrategic or Co-development Partner · 1 January 2010In 2010, Greenbio entered into business cooperation with world-renowned fragrance and flavor company Firmenich. The nature of the partnership involves strategic business cooperation in the fragrance and flavor ingredients supply chain.
• Fudan UniversitycoreStrategic or Co-development PartnerLong-term strategic partnership with Fudan University through industry-academia-research collaboration to enhance technological innovation capabilities for new product development and market expansion.
• Zhejiang UniversitycoreStrategic or Co-development PartnerLong-term strategic partnership with Zhejiang University for industry-academia-research collaboration supporting technological innovation, new product development, and market expansion.
• Zhejiang University of TechnologycoreStrategic or Co-development PartnerLong-term strategic partnership with Zhejiang University of Technology for industry-academia-research collaboration in support of new product development and market expansion.
• Shanghai Research Institute of Fragrance and Flavor IndustrycoreStrategic or Co-development PartnerLong-term strategic partnership with Shanghai Research Institute of Fragrance and Flavor Industry for industry-academia-research collaboration in fragrance and flavor technology development.
• Zhejiang University of Science and TechnologycoreStrategic or Co-development PartnerLong-term strategic partnership with Zhejiang University of Science and Technology for industry-academia-research collaboration supporting new product development and market expansion.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Privi Specialty Chemicals Limited: India-listed manufacturer of aroma chemicals derived largely from turpentine and other natural feedstocks, with overlapping product franchises in terpene-based fragrance ingredients. Closest publicly traded pure-play comparable to Greenbio's cedarwood and turpentine derivative series.
• Oriental Aromatics Limited: India-based manufacturer of specialty fragrance ingredients and aroma chemicals with comparable product breadth in terpene and synthetic fragrance molecules. Competes with Greenbio in the global supply of basic and intermediate aroma chemicals to F&F houses.

Broad incumbents

• Symrise AG: Top global F&F house and one of Greenbio's largest customers, but also a backward-integrated manufacturer of aroma chemicals via its Scent & Care segment. Provides direct competitive overlap with Greenbio in several fragrance ingredient categories alongside broader formulation capabilities.
• Givaudan SA: World's largest F&F house, a long-term Greenbio customer that conducted field inspections of the cedarwood production base. Operates adjacent in the value chain with ingredient manufacturing capabilities that could overlap with Greenbio's portfolio over time.
• International Flavors & Fragrances (IFF): Top-tier global F&F company and listed Greenbio customer, with its own sizable aroma chemicals manufacturing footprint. Competes with Greenbio in several core fragrance molecules while also sourcing from it, making it both customer and partial competitor.
• DSM-Firmenich: Global F&F leader formed from the merger of DSM and Firmenich (the latter being a 2010 strategic partner of Greenbio). Combines broad F&F formulation with internal aroma chemicals capabilities, providing overlapping scope with Greenbio's specialty ingredients portfolio.
• BASF SE: Global chemical giant with a sizable aroma chemicals and personal care ingredients portfolio. While operating at a much larger scale and across many chemistries, BASF overlaps with Greenbio in selected fragrance intermediates and offers a comparable reference point for scale economics and R&D intensity.
• Mane SA: France-based, family-owned F&F house that is a long-term Greenbio customer. Operates both formulation and selective ingredient manufacturing, giving it overlapping footprint with Greenbio in certain aroma chemicals while remaining a meaningful customer.
• Robertet SA: France-listed specialty F&F company and Greenbio customer with vertically integrated ingredient capabilities, particularly in naturals. Provides a comparable combination of specialty ingredient manufacturing and formulation relevant to Greenbio's positioning.
• Takasago International Corporation: Japan-based global F&F company and Greenbio customer with its own internal aroma chemicals capabilities. Overlaps with Greenbio in selected specialty fragrance ingredients while serving as both competitor and customer in the broader fragrance supply chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Greenbio