BASF Enterprise Capital is funding the Longwater Advanced Materials Project. Longwater Investment manages this non-public equity fund, a pioneer progress capital investor in advanced materials and chemistry-associated applied sciences in China. BASF Enterprise Capital is one among a number of Limited Companions; different investors embody Xiamen C & D, CICC Genesis, and Tsinghua Redbud.
The Asian market performs an essential role in BASF’s development technique. “This funding underscores our dedication to further increasing BASF’s discovery capacities in China,” mentioned Markus Solibieda, Managing Director of BASF Enterprise Capital. “Longwater’s consultants are well versed in China’s chemical business. Involvement in Longwater’s community will help BASF’s goal to interact with fast-growing firms and grow collectively with them innovations for its clients.”
BASF generates new development potential for BASF by investing in younger firms and funds. One among its strategic focus areas is new chemical applied sciences and materials. Longwater, a number one specialist in China, has developed a robust network with competent startups and is, therefore, a reliable companion in this area.
“We’re glad to welcome BASF Enterprise Capital as a Limited Partner in our community,” mentioned Xuesong Shi, Managing Director of Longwater. “BASF is a broadly revered global market chief in the chemical and materials field. BASF Enterprise Capital, which supplements BASF’s innovation initiatives, has great access to and insights into various associated segments and shares a typical philosophy and imaginative and prescient with Longwater Funding as regards good energy, sustainability, chemical-trade digitalization, and way more. The tie-up will facilitate synergetic collaboration between BASF Enterprise Capital and Longwater Investment.”
Longwater’s community spans a wide range of industry verticals and includes several worlds and home market leaders within the chemical domain as strategic traders, in addition to different external strategic companions that may present insights and sources to Longwater’s funding activities and create synergies amongst stakeholders.