Mitsubishi Chemical Group joins Emerald’s industrial transformation fund as a limited partner

Zürich, Switzerland: Mitsubishi Chemical Group, a major producer of specialty materials used across industrial and medical value chains, has joined Emerald’s industrial transformation fund as a limited partner. The partnership is meant to help Mitsubishi Chemical Group pursue strategic innovation aims in key business applications, including specialty materials for electronics, healthcare, and life science markets.

One of the aims is to expand open innovation and explore novel technologies that lower the environmental footprint of the company’s products and activities. Mitsubishi Chemical Group’s sustainability goals include a 29% reduction of greenhouse gas emissions by 2030 and achieving net zero emissions by 2050.

Via its open innovation model, Emerald will help Mitsubishi Chemical Group to pursue partnerships with startups that have a high potential to positively impact the environment, including:

  • Mobility: batteries and light-weight solutions
  • Digital: semiconductors and electronic materials
  • Food: food ingredients and packaging
  • Circular economy and carbon neutrality

Emerald has previously invested in several startups in related focus areas, including actnanoImagindairyBeliever Meats, and Meeat.

“We chose to partner with Emerald because of their coverage and expertise in key technology areas related to Mitsubishi Chemical Group, and their engagement platform with corporation innovation teams.” – Fumiko Uraki, Director, Venture Department, Mitsubishi Chemical Group.

About Emerald Technology Ventures

Emerald is a globally recognized venture capital firm building a sustainable future at the crossroads of industry and technology. Founded in 2000, it is a pioneer in open innovation, providing multi-national corporations with rich deal flow and insight in the sectors and markets of tomorrow. Emerald has managed and advised assets of over €1 billion from its offices in Zurich, Toronto and Singapore. The firm is dedicated to tackling big challenges in climate change and sustainability via over 500 venture transactions and five third-party investment mandates, including loan guarantees to over 100 start-ups.


About Mitsubishi Chemical Group 

The Mitsubishi Chemical Group is a specialty materials company that operates in four business fields: Performance Products, Chemicals, Industrial Gases, and Health Care. Around 70,000 employees around the world support people’s daily lives and global businesses by providing advanced chemistry-based solutions in electronics, healthcare & life science, as well as other selected markets. Mitsubishi Chemical Group Corporation is listed on the Tokyo Stock Exchange Prime Market (stock code: 4188), with consolidated sales revenue of 3,976.9 billion yen ($30 billion USD) in the fiscal year ended March 31, 2022. For further information, please visit our website: