The petroleum producer plans to invest $350m in a newly formed unit called Petronas Corporate Venture Capital that will follow a separate $250m fund in July.

Malaysia-based oil supplier Petroliam Nasional (Petronas) has set up another corporate venture capital unit with $350m, having created a Europe and US-based corporate venture capital subsidiary earlier this year. State-owned Petronas has announced that Petronas Corporate Venture Capital (Petronas CVC) will make direct investments in technology startups developing industry 4.0, advanced materials, specialty chemicals and…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.