Issue Date: April 9, 2012
FRX Raises Funds For New Polymer Plant
FRX Polymers, developer of a family of inherently flame-retardant plastics, has completed a round of financing that raised $26.7 million. The financing was led by BASF Venture Capital, which invested $2.7 million, and DB Masdar Fund. Founded in 2007, FRX operates two pilot plants at its headquarters in Chelmsford, Mass., and one in Switzerland. It recently announced plans to build a commercial-scale plant for its polyphosphonate polymers at a Bayer site in Antwerp, Belgium.
- Chemical & Engineering News
- ISSN 0009-2347
- Copyright © American Chemical Society