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 founded in 2000, that manages and advises assets of over €1 billion from its offices in Zurich, Toronto and Singapore. The firm invests in start-ups that tackle big challenges in climate change and sustainability, with 4 current funds, hundreds of venture transactions and four third-party investment mandates, including loan guarantees to over 100 start-ups.

Bold Ideas. Bright Future.  www.emerald.vc

CONTACT FOR EMERALD:

info@emerald.vc

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: www.mitsubishichem-hd.co.jp/english/