BASF Invests in Biomanufacturing Startup
By Joshua Stein
BASF SE said Tuesday that it has invested in Chinese industrial
synthetic-biotech company, Bota Biosciences Ltd.
The German chemicals company said its subsidiary, BASF Venture
Capital, is investing in Bota Bio, a company that develops
biotechnology to enable biomanufacturing of common household and
"With our investment in this promising young company, we are
strengthening BASF's activities related to sustainability and
enhancing the group's potential for innovation in the dynamic Asian
markets," Markus Solibieda, BASF Venture Capital managing director,
BASF didn't disclose the financial details of the
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(END) Dow Jones Newswires
March 16, 2021 04:20 ET (08:20 GMT)
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