Shell's corporate venturing unit has chosen Shanghai as the location for its sixth office, enabling it to access a market it views as "exploding".
Shell Technology Ventures (STV), the corporate venture capital arm of Netherlands-based oil and gas producer Royal Dutch Shell, is set to open an office in China, Reuters has reported.
STV was launched in 1998 and invests in oil and gas, and clean energy technologies. It typically provides $2.5m to $5m for initial deals and can provide up to $20m over the lifecycle of an investment, managing director Geert van de Wouw told Reuters.
The fund’s sixth global office will be…
