BASF Venture Capital invests $5 million in China Environment Fund IV

BASF Venture Capital GmbH has participated with $5 million in the China Environment Fund (CEF) IV, L.P. Other investors include key development financial institutions, renowned family offices, strategic multinational corporations, and Fortune 500 companies. End Quote

(1888PressRelease) May 10, 2012 - The China Environment Fund is a series of four funds and managed by Tsing Capital.

“China has a large number of highly innovative and sustainable technology companies of great strategic importance for BASF. Our participation in CEF IV enables us to set up joint activities with these companies in China. We also gain better access to technology areas of future potential and innovative chemical system solutions in the field of new materials,” said Johnnie Yuen, Regional Head at BASF Venture Capital in Asia Pacific. CEF has already demonstrated its performance track record in its three existing funds. “The performance to date and the outstanding fund management were further reasons for us to participate in CEF IV,” added Yuen.

Tsing Capital was established in 2001, and is the first fund manager investing in Chinese cleantech and environment related companies with an aggregate of assets under management over $600 million. China Environment Fund invests in portfolio companies across China in areas of renewable energy, energy efficiency, environmental protection, new materials, sustainable transportation, smart grids, sustainable agriculture and cleaner production. Further information can be found at www.tsingcapital.com.

About BASF Venture Capital
BASF Venture Capital GmbH was established in 2001 as a wholly owned subsidiary of BASF Future Business GmbH, Ludwigshafen, Germany, with the aim of exploring new growth potentials based on investment in startup companies and.

About BASF
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection funds. More information about BASF Venture Capital GmbH is available at www.basf-vc.de products to oil and gas. We combine economic success, social responsibility and environmental protection. Through science and innovation we enable our customers in almost all industries to meet the current and future needs of society. Our products and system solutions contribute to conserving resources, ensuring healthy food and nutrition and helping to improve the quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF posted sales of about €73.5 billion in 2011 and had more than 111,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.

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