Asahi Kasei to invest in sustainable startups

Asahi Kasei plans to invest US$100 million over five years in startups working with hydrogen, energy storage, carbon management and bio-based chemicals.

In the past, the company has invested in over 50 startups in the US, Europe, China, and Japan but is now focusing on environmentally friendly companies, it said.

 “Our [CVC [corporate venture capital] team is excited for the opportunity to accelerate investments in early-stage startups hard at work to make a difference for our planet,” said Dr Takashi Morishita, general manager. “The ideas and technology being innovated now will be an invaluable asset in actualizing a carbon neutral society.”

Asahi Kasei also reportedly aims to reduce its own greenhouse gas emissions and improve the sustainability of its material sector products.