Evonik enters Asia with GRC SinoGreen investment

Jan 21, 2016 • Robert Lavine

The industrial product maker's latest fund investment is in GRC SinoGreen Fund III, a China-based investor in green and environmental technologies.

Industrial product manufacturer Evonik has provided an undisclosed amount of funding to China-based venture capital fund GRC SinoGreen Fund III, marking its entry into Asian corporate venturing.

GRC SinoGreen supplies funding to green or environmental technology developers based in the Greater China region, including those working on energy and resource efficiency, cleaner transport, sustainability, and climate change mitigation or adaptation.

The fund’s limited partners already include Shell Technology Ventures, the corporate venturing arm of oil and gas company Shell, development…

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