Solvay invests in Chuanliu New Material Fund

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Solvay Ventures announced last week that it will inject capital into Chuanliu New Materials Fund.

It is understood that the manager of Chuanliu New Materials Fund is Chuanliu Investment, headquartered in Shanghai, and is a domestic investment institution focusing on new materials and related technologies in the chemical industry.

Stéphane Roussel, managing director of Solvay Ventures, said that the company's capital injection into Chuanliu New Materials Fund is fully in line with the group's development of innovative chemicals and sustainable solutions to serve automotive, electronics, batteries, energy and many other markets Strategy. This cooperation will bring opportunities for Solvay Group's research and innovation center in Shanghai to better collaborate with local start-ups to promote open innovation projects and provide support for Solvay's long-term sustainable development in China.