Investment Summary

Solvay Invests In Chengyang Tech

On February 18, 2022, Solvay invested in chemicals company Chengyang Tech

Investment Highlights
  • This is Solvay’s 10th transaction in the Chemicals sector.
  • This is Solvay’s 1st transaction in China.

Investment Summary

Date 2022-02-18
Target Chengyang Tech
Sector Chemicals
Investor(s) Solvay
Deal Type Growth Capital

Target

Chengyang Tech

Shaoxing City, China
Chengyang Tech engages in developing electrochemical technologies for on-site H2O2 production, as part of an expanded effort to explore its core technology for applications in long-duration energy storage and water electrolysis. Chengyang Tech is based in Shaoxing City, China.

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Investor(S) 1

Investor

Solvay

Brussels, Belgium

Category Company
Founded 1863
Sector Chemicals
Employees9,000
Revenue 6.0B EUR (2023)
DESCRIPTION

Solvay is a chemical company that harnesses the power of chemistry to create innovative, sustainable solutions that answer the world’s most essential needs such as purifying the air we breathe and the water we drink, preserving our food supplies, protecting our health and well-being, creating eco-friendly clothing, making the tires of our cars more sustainable and cleaning and protecting our homes. Solvay was founded in 1863 and is based in Brussels, Belgium.


DEAL STATS #
Overall 15 of 16
Sector (Chemicals) 10 of 10
Type (Growth Capital) 2 of 3
Country (China) 1 of 1
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 DMC Biotechnologies

Boulder, Colorado, United States

DMC Biotechnologies is a U.S.-biobased chemical company that makes products using microbial fermentation. DMC Biotechnologies' proprietary technology simplifies biology and makes fermentation more predictable, robust, and efficient. DMC Biotechnologies was founded in 2014 and is based in Boulder, Colorado.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 9T Labs

Zürich, Switzerland

9T Labs is a manufacturer of carbon-fiber-reinforced plastic (CFRP) parts for mass production. 9T Labs’ hybrid manufacturing technology enables complex, high-performance structural parts to be produced in carbon fiber-reinforced thermoplastic composites in volumes up to thousands of parts per year. 9T Labs was founded in 2018 and is based in Zürich, Switzerland.

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