BASF invests in Longwater Advanced Materials Fund

Chinese fund focuses on advanced materials and chemistry-related technologies

The Innovation Campus in Shanghai is BASF’s largest R&D site in the region. With the investment in the Longwater Advanced Materials Fund, BASF Venture Capital underlines its commitment to further expanding BASF’s innovation capabilities in China.
The Innovation Campus in Shanghai is BASF’s largest R&D site in the region. With the investment in the Longwater Advanced Materials Fund, BASF Venture Capital underlines its commitment to further expanding BASF’s innovation capabilities in China.

BASF Venture Capital is investing in the Longwater Advanced Materials Fund. This private equity fund is managed by Longwater Investment, a pioneer growth capital investor in advanced materials and chemistry-related technologies in China. BASF Venture Capital is one of several Limited Partners; other investors include Xiamen C & D, CICC Genesis and Tsinghua Redbud.

The Asian market plays an important role in BASF’s growth strategy. “This investment underlines our commitment to further expanding BASF’s innovation capabilities in China,” said Markus Solibieda, managing director of BASF Venture Capital.

Longwater’s experts are well versed in China’s chemical industry. Involvement in Longwater’s network will support BASF’s aim to engage with fast-growing companies and develop jointly with them innovations for its customers.

BASF Venture Capital generates new growth potential for BASF by investing in young companies and funds. One of its strategic focus areas is new chemical technologies and materials. Longwater, a leading specialist in China, has built a strong network with competent start-ups and is therefore a powerful partner in this field.

“We are happy to welcome BASF Venture Capital as a Limited Partner in our network,” said Xuesong Shi, Managing Director of Longwater. “BASF is a widely respected global market leader in the chemical and materials sector. BASF Venture Capital, which supplements BASF’s innovation initiatives, has extensive access to and insights into various related segments and shares a common philosophy and vision with Longwater Investment as regards smart energy, sustainability, chemical-industry digitalisation, and much more. The partnership will facilitate synergetic collaboration between BASF Venture Capital and Longwater Investment.

Longwater’s network spans a variety of industrial verticals and comprises multiple global and domestic market leaders in the chemical field as strategic investors, as well as other external strategic partners that can provide insights and resources to Longwater’s investment activities and create synergies among stakeholders.

For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.

For all the latest refining and petrochemical news from the Middle East countries, follow us on Twitter and LinkedIn, like us on Facebook.

You may also like

INOVYN unveils world’s first commercially available bio-attributed PVC
BIOVYN is certified by The Roundtable on Sustainable Biomaterials as delivering a 100% substitution of fossil feedstock in its production system
BEUMER wins contract to supply bagging lines for Long Son Petrochemicals Complex in Vietnam
At Long Son Petrochemicals Complex in South of Vietnam, the BEUMER Group is working to ensure high levels of plant availability
Dow, DEEP C complete the first asphalt road using recycled plastics in Vietnam
The project pilots a circular economy solution to turn post-consumer recycled plastics into new, valuable resources
Borealis, Neste co-operate to accelerate circularity and bioeconomy in plastics
Borealis to produce renewable polypropylene using Neste’s renewable propane by end of 2019

MOST POPULAR