March 24, 2011

Rhodia ready to invests in US green chems

France-based specialty chemical company Rhodia seems to be now looking to invests in US-based green chemistry/renewable chemicals companies after the blog heard this announcement today of the company acquiring equity stake in a a venture capital company Phoenix Venture Partners based in Silicon Valley, California.

Phoenix Venture Partners specializes in start-up companies focusing primarily on advanced materials but the venture fund group stated that it will now include Rhodia's strategic focus in the area of green chemistry and bioresourced materials when scouting for start-up candidates.

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