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- W4366823099 abstract "In their quest to be at the front of the race when it comes to adopting low-carbon technologies, chemical companies are establishing dedicated venture capital funds for investing in promising cleantech start-ups . Most recently, Asahi Kasei has created a fund with a budget of $100 million over the next 5 years to invest in early-stage start-up companies focused on clean technologies such as hydrogen, energy storage, and biobased chemicals. The Japanese firm, which runs its venture capital arm from offices in California’s Silicon Valley, is looking to the new fund to help make its materials business carbon neutral by 2050. In addition to investing in start-ups, Asahi Kasei plans to pick out firms with which it can form joint ventures. Similarly, the Belgian chemical maker Solvay has a $90 million “evergreen” venture capital fund—in which cash from divestments is returned to the fund—that is focused mostly on sustainable materials." @default.
- W4366823099 created "2023-04-25" @default.
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- W4366823099 date "2023-04-24" @default.
- W4366823099 modified "2023-09-28" @default.
- W4366823099 title "Chemical majors seek cleantech start-ups" @default.
- W4366823099 doi "https://doi.org/10.1021/cen-10113-buscon2" @default.
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