UK-listed oil major BP’s lubricants subsidiary, Castrol, has committed to the Pangaea Venture Advanced Materials fund.
The limited partner commitment came from the subsidiary’s Castrol InnoVentures corporate venturing unit, which makes direct venture and fund investments as well as partnerships and internal business incubation in four areas: next generation engineering, smart mobility and transportation, intelligent operations and sustainable solutions for automotive, industrial and marine.
Roy Williamson, head of Castrol InnoVentures, said: “It’s a great opportunity to see multiple new and…
