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MBA Polymers gets more funding for plastics recycling

September 16/2010

(Recycle) -- MBA Polymers has pledged $6.6 million to begin boosting recyclable plastic materials being used in household goods.


With its base in recovering engineering plastics from items such as appliances, vehicles and computers, the firm has raised more than $6.6 million towards an overall goal of $25 million. The funding will be used to increase the firms recycling of plastic taken from household items. According to a SEC filing, the investments have so far been gleaned from Honeywell Capital Management, Citis Sustainable Development Investments and Less Plastics Limited based in Hong Kong.


Founded in 1994, the group maintains its operating facility in California. MBA Polymers is responsible for processing millions of pounds of plastics waste every month. In its last attempt to secure funding, the firm was able to raise $40 million back in 2008.


MBA Polymers gets more funding for plastics recycling















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