Chilean forestry and paper conglomerate CMPC launched a $100M investment fund to back early-stage startups.
The fund will invest in Research and Development (R&D) initiatives and partnerships to advance the “digitization and circularity” of industrial and forestry processes, such as cellulose-based textile fibers, eco-friendly packaging, and green renewable biofuels.
The first half of the fund will go towards building a project portfolio, while the second half will be used to help scale these projects.
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