Novel Polymer gets $9.7M for environmentally friendly plastics

Polymer plastics like nylon, Bakelite and PVC are some of the most common materials used in modern society, but making them is not an environmentally friendly procedure. Novel Polymer Solutions is a company that promises to make new polymers that are strong, low cost, and have few harmful chemicals in them.

Novel Polymer’s materials include glues, paints and hard plastic materials. The company sells to the automotive, building, medical, paint and other industries.

The $9.7 million funding was provided as GBP £5 million to the United Kingdom-based company, according to VentureWire. Environmental Technologies Fund and Advantage Growth Fund were the backers.

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