Oil giant Shell promises to pump several hundred million dollars into emerging technology companies.
Shell Technology Ventures, the corporate venturing arm of Royal Dutch Shell, will make investments worth several hundred million dollars in emerging technology companies over the next six to eight years, with the goal of finding innovations useful to the company’s operations.
It will invest in promising technology companies, technology spin-outs and externally-managed venture capital funds involved in smarter exploration processes and enhanced extraction techniques.
Target technology areas include gas production and conversion, geophysical imaging, chemical manufacturing and conversion, novel materials,…
