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
“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.