CLZNY Clariant Ag (PK)

Swiss chemicals company Clariant AG (CLN.VX) Wednesday said it had entered into a partnership agreement with Emerald Technosogy Ventures.

MAIN FACTS:

- Clariant said it will work with Emerald in order to identify opportunities to invest in or cooperate with technology companies active in the area of cleantech

- The cleantech sector is a fast growing segment driven by the need for specialty chemicals, e.g. new catalysts to improve process efficiency, advanced materials for the reduction of energy consumption, materials using renewable feedstocks, new energy storage and energy generation technologies.

- "Innovation is a key driver of profitable growth at Clariant. The partnership with Emerald is a further step in the implementation of this strategy. It will significantly support our move towards sustainable innovations in cleantech markets", said Christian Kohlpaintner, Member of the Executive Committee.

-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47; zurichdjnews@dowjones.com

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