Focused on advanced materials and chemical solutions, this investment further supports Solvay’s sustainable growth in China.

Solvay Ventures, the Company’s venture capital fund unit, is extending its partnership with Longwater Investment by investing in the Longwater Advanced Materials Fund II, a fund focused on advanced materials and chemistry-related technologies in China.

This investment will support innovation in new and sustainable chemistries that can be used in key markets such as transportation, electronics and smart devices.  It will foster collaboration between Solvay and a growing ecosystem of startups in China, opening the door to innovative partnerships in advanced materials and chemical solutions that will boost Solvay’s offering and support the work of the Group’s four strategic growth platforms.

“We are excited to work with partners in China by leveraging our unique materials know-how and innovation in this dynamic start-up ecosystem,” said Mike Finelli, President of Solvay Growth Initiatives. “Following our announcement in June of a significant production capacity increase for PVDF at our Changshu site in China, this investment further illustrates our commitment to growing our operations in Asia and to meeting the need for sustainable material solutions globally.”

 “Solvay has been more than a fund investor to Longwater since the inception of our first fund. We are excited about the continuous commitment from Solvay to our Fund II and a strengthening partnership around our activities looking for thrilling innovations in relation to advanced materials and chemistry-related technologies.” said Steven Shi, Managing Partner of Longwater Investment.

Based in Shanghai, Longwater Investment executes and manages its investments with the aim of achieving successful growth and investment return driven by technological innovation, industrial upgrades and the improvement of human well-being.

source and credit