SAN FRANCISCO -- A Chemical Banking Corp. unit is joining two other investment organizations to provide venture capital to environmental and energy companies.

New York-based Chemical Venture Partners will work in the enterprise, Liberty Environmental Partners, with two firms -- San Francisco-based Liberty Venture and Canaan Partners of Rowayton, Conn., and Menlo Park, Calif.

Liberty Venture said it was raising $4 million for the partnership, which will invest alongside other venture capital firms and early-stage investors in wastewater treatment, recycling, and other areas. Investments in each company will range from $200,000 to $500,000.

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