Bangkok, Thailand and Leuven, Belgium: 23 August 2018 – SCG Chemicals Co., Ltd, part of the Siam Cement Public Company Limited (SCG), one of the largest integrated petrochemical companies in Thailand and a key industry leader in Asia, which offers a full range of petrochemical products, has joined the Capricorn Sustainable Chemistry Fund (CSCF) as limited partner.
SCG has a strong commitment in creating sustainability along with innovations. SCG Chemicals has focused on developing innovation and advanced technology to create high value-added products (HVA), services and solutions.
Cholanat Yanaranop, President of Chemicals Business, SCG: “CSCF matches SCG’s focus on innovation and circular economy. Investing in the CSCF will bring us further corporate venturing insights and both early and later stage potential co-investment opportunities in the sustainable chemicals field.”
Jos Peeters, Chairman of the Executive Committee of Capricorn Venture Partners says, “We already have a financially very strong shareholder base from which we can leverage significant co-investment for the fund investments. With SCG we are not only strengthening the shareholder base of CSCF further, but we have also a partner on board that brings insights, innovation and access to new markets.”
Jacques van Rijckevorsel, chairman of the CSCF: “As a former corporate executive I know what the added value of a fund investment can be for the innovation capability of a corporate investor. It does not only improve the reach of the innovation field, but it also broadens the view of the corporation beyond its current business areas. It provides a good view on technology and business possibilities that may arise beyond the horizon of the normal corporate business planning cycles and allow for early stage option development.”