BASF Venture Capital invests in advanced materials company

BASF Venture Capital has invested $2.7m (£1.7m) in the advanced materials company FRX Polymers.

The investment is part of a series B financing round of $26.7m. FRX Polymers develops and produces non-halogen flame-retardant polymers.

The flame retardants are used in numerous products in the plastic processing industry, such as for computer or monitor housings.

FRX Polymers is currently operating three pilot plants: two in Chelmsford, Massachusetts, and another, larger facility in Switzerland.