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Article: MBA Polymers Receives $20 million From Doughty Hanson Technology and Benchmark Capital.
- Article from:
- PR Newswire
- Article date:
- May 21, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RICHMOND, Calif., May 21 /PRNewswire/ -- MBA Polymers, Inc., the cleantech leader in recycling engineering plastics, today announced that it has secured a $20 million funding round co-led by Doughty Hanson Technology Ventures and Benchmark Capital. MBA will use its new funds to further expand the number of factories it operates in Europe and Asia.
MBA Polymers recovers high-value plastics from complex waste streams, extracting plastics from items such as household appliances, computer and business equipment and automobiles. The company has perfected a proprietary process to recover and separate these high-value plastics from each other and from the residual ...