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    Home > Chemicals Industry > International Chemical > Total invests in Cathay Smart Energy Fund to target emerging technologies in China

    Total invests in Cathay Smart Energy Fund to target emerging technologies in China

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Total Ventures International (Total Ventures TEV), the venture capital arm of French oil and gas group Total, will be a founding investor
    in a fund focused on China's energy sector.

    Total invests in Cathay Smart Energy Fund to target emerging technologies in China

    Cathay Smart Energy Fund will mainly invest in emerging technologies, especially renewable energy, energy Internet, energy storage, distributed energy resources, smart energy and low-carbon activities
    .

    Total said that Total Ventures has signed an agreement with Hubei High Investment Guidance Fund Management Company and Cathay Fund to launch the fund
    .

    Total Ventures and Hubei CDHT will each invest about 300 million yuan
    .
    The fund will raise a total of $1.
    5 billion
    .

    "China is at the forefront
    of 21st century energy technology.
    " Patrick Pouyanne, President and CEO of Total, added: "With this investment, we are excited to participate in the development of an innovation ecosystem for China's energy industry and benefit
    from the Chinese market.

     

    Total Ventures International (Total Ventures TEV), the venture capital arm of French oil and gas group Total, will be a founding investor
    in a fund focused on China's energy sector.

    Total

    Total invests in Cathay Smart Energy Fund to target emerging technologies in China

    Total invests in Cathay Smart Energy Fund to target emerging technologies in China

    Cathay Smart Energy Fund will mainly invest in emerging technologies, especially renewable energy, energy Internet, energy storage, distributed energy resources, smart energy and low-carbon activities
    .

    Total said that Total Ventures has signed an agreement with Hubei High Investment Guidance Fund Management Company and Cathay Fund to launch the fund
    .

    Total Ventures and Hubei CDHT will each invest about 300 million yuan
    .
    The fund will raise a total of $1.
    5 billion
    .

    "China is at the forefront
    of 21st century energy technology.
    " Patrick Pouyanne, President and CEO of Total, added: "With this investment, we are excited to participate in the development of an innovation ecosystem for China's energy industry and benefit
    from the Chinese market.

     

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