Israel Cleantech Ventures (ICV) and Capricorn Venture Partners (CVP) announced today that they have invested $6MM in FRX Polymers, Inc. (FRX), the manufacturer of a new, environmentally friendly family of inherently flame retardant plastics. FRX’s products are finding markets as polymeric flame retardant additives and as “stand-alone” inherently flame retardant engineering plastics.
FRX Polymers is currently in the commercialization stage for its family of polyphosphonate homopolymers and copolymers. According to the company, these plastics are tough, transparent, possess high melt flow, and are inherently flame retardant. FRX polymers are environmentally friendly since they do not contain halogens, whereas many other flame retardant additives do contain halogen.