FRX POLYMERS RAISES $15.7MM SERIES B FINANCING
June 6, 2011 - (Chelmsford, MA)
FRX Polymers, Inc. (FRX) announced today that it has closed on US$ 15.7 million in a Series B equity round of financing. The funds will be used for working capital and to partially fund FRX's first commercial scale production facility. FRX's new plant is being built to fulfil significant customer demand for the Company's novel flame retardant polymers.
AVANTIUM RAISES EUR 30 MILLION TO ADVANCE YXY TECHNOLOGY
June 9, 2011, Amsterdam, the Netherlands
Avantium is proud to announce that it has successfully raised ? 30 million to advance its breakthrough YXY technology for green building blocks. Avantium will use the funds for the construction and operation of its pilot plant in Geleen, the Netherlands, and for the development of green materials on basis of these YXY building blocks.
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