BASF invests in “green” technologies

BASF Venture Capital (part of the German concern BASF) will invest 150 million euros (approximately $153 million) in the Climentum Capital venture fund. The cooperation will focus on preventing climate change through the development and implementation of “green” technologies.

Clementum Capital was founded in 2020. The company pays close attention to reducing carbon emissions and invests in start-ups that are in line with the ESG strategy of the European Union. Agriculture is one of the areas of interest to Climentum Capital.

“We are focusing on six promising areas for reducing carbon emissions, including agriculture. The combined efforts of corporations, investors and start-ups are essential to achieve our ambitious climate change goals,” said Morten Halborg, CEO of Climentum Capital.