Materials Companies Raise Financing | July 27, 2009 Issue - Vol. 87 Issue 30 | Chemical & Engineering News
Volume 87 Issue 30 | p. 30 | Concentrates
Issue Date: July 27, 2009

Materials Companies Raise Financing

Department: Business
Keywords: shutdowns, FMC, Sunoco, Celanese, Dow Chemical

Two U.S.-based advanced materials companies have successfully raised money from outside investors. Voltaix, a maker of high-purity gases and chemicals used in electronic and solar devices, raised $9 million from Novus Energy Partners, an investment fund founded by Reidar Langmo, former CEO of the solar energy firm Renewable Energy Corp. Vorbeck Materials, a developer of graphene and conductive inks, has secured $5.1 million from investors led by Stoneham Partners. Both companies say they will use the funds to expand their operations.—MM

 
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