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.
The Press Release
Capricorn Venture Partners announces SCG as limited partner in the Capricorn Sustainable Chemistry Fund
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.”
About Capricorn Venture Partners
Capricorn Venture Partners is an independent licensed European manager of venture capital and equity funds, investing in innovative European companies with technology as competitive advantage. The investment team of Capricorn is composed of experienced investment managers with deep technology expertise and a broad industrial experience. Capricorn Venture Partners is investing out of the private venture capital funds Capricorn Sustainable Chemistry Fund, Capricorn Cleantech Fund, Capricorn Health-tech Fund and Capricorn ICT Fund. In addition, it is the management company of Quest for Growth, quoted on NYSE Euronext Brussels, and the investment manager of Quest Cleantech Fund and Quest+, sub-funds of Quest Management SICAV. (www.capricorn.be)
About SCG Chemicals Co., Ltd
SCG Chemicals Co., Ltd is one of the largest integrated petrochemical companies in Thailand and a key industry leader in Asia. SCG’s chemicals business offers a full range of petrochemical products ranging from upstream production of olefins to downstream production of 3 main plastics resins; polyethylene, polypropylene and polyvinyl chloride.
To better serve customers’ requirements, SCG assigns prime importance to the development of new technology and innovation for the creation of high value-added products (HVA) and service solutions. (www.scgchemicals.com)