Saudi Aramco to invest up to $120 million in Europe
Saudi Aramco has announced the launch of its corporate venturing subsidiary Saudi Aramco Energy Ventures (SAEV).
Headquartered in Dhahran, SAEV's global investments will target start-up and high growth companie in renewable energy, water and energy efficiency technologies. Individual investments were expected to range from $1 million to $30 million per company. They also joined with Energy Capital Management, a European venture capital firm specialized in the oil & gas sector, for corporate venturing activities in the upstream oil and gas sector in Europe.
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More details follows
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