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MBA Polymers, a company that recovers engineering plastics from products like computers, appliances and cars, has raised $6.6 million of an expected $25 million, according to a filing with the SEC. Honeywell Capital Management and Citi’s Sustainable Development Investments participated along with Less Plastics Limited of Hong Kong and Doughty Hanson Technology and Balderton Capital of London.
Founded in 1994, MBA Polymers operates a recycling facility in Richmond, Calif., and processes several million pounds of plastics each month. The company last raised $40 million in 2008.
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