Solvay says that has invested in an advanced materials fund management China-based Longwater Investment.

Solvay says that this aligns with the group’s strategy to develop new chemistries and sustainable solutions for markets such as automotive, electronics, battery and energy. It also allows the Group’s R&I Center based in Shanghai to build new partnerships with local startups.

‘China is on the verge of becoming the world’s largest startup ecosystem, building a new generation of large venture capital funds and high tech companies,’ said Stéphane Roussel, Solvay ventures MD.

This story uses material from Solvay, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.