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Materials
FRX Raises Funds For New Polymer Plant
by Michael McCoy
April 9, 2012
| A version of this story appeared in
Volume 90, Issue 15
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.
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