BASF Venture Capital Invests in FRX Polymers
BASF Venture Capital GmbH has invested USD 2.7 million in the advanced materials company FRX Polymers, Inc, Chelmsford/MA, USA. The investment is part of a financing round of USD 26.7 million. FRX Polymers develops and produces non-halogen flame-retardant polymers. They consist of organic polymers with phosphorus as the active component. Because of their polymeric structure, the flame retardants do not migrate out over time and also do not change the optical and mechanical properties of the plastic in which they are incorporated.
FRX Polymers is currently operating three pilot plants: two in Chelmsford and another, larger facility in Switzerland.
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