Petronas has closed a $250m fund for venture capital subsidiary Piva to strike deals in Europe and North America focusing on future energy, industrial and materials technologies.

Malaysia-based oil and gas producer Petronas launched a $250m corporate venturing fund called Piva yesterday that will invest in energy, industrial and materials applications. The amount represents a final close of the unit’s first fund, according to CNBC, and Petronas is its sole limited partner. Initial details concerning Piva were revealed in July this year.…

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