DSM Invests in Wind Propulsion Firm SkySails

DSM Venturing, the corporate venturing arm of DSM, says it has made an investment in SkySails (Hamburg, Germany), a firm making automated towing kites for ships. DSM says the move is fully in line with its strategic commitment to sustainability, innovation and partnerships.   Financial details have not been disclosed. DSM’s investment represents a part of a round of financing by SkySails to raise €15 million ($20.4 million). This financing round has now been successfully completed, DSM says.   SkySails develops, produces and sells wind...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers