Saudi Co. Sabic Starts Netherlands Venture Capital Arm

Law360, New York (November 1, 2011, 2:54 PM EDT) -- Saudi Basic Industries Corp. has started a venture capital arm in the Netherlands to invest in new technologies and businesses related to its petrochemical and metals products, the company said Tuesday.

Sabic Ventures will be lead or co-investor in new, early-stage, and late-stage companies through its innovation fund, Sabic said in a statement. The company did not say how much money the fund has to work with.

The maker of petroleum-based chemicals, fertilizers and plastics, as well as steel, will focus on areas including advanced materials and composites, alternative feedstocks...
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