Metabolix declared to close the earlier announced private placement of company securities; the amount of investment was 25 million dollars. The advance and reputed biomaterial company employs all the attention on sustainability solutions nowadays regarding chemicals and plastics industry. The amount will now be used for extending the execution plans of business and marketing of the company. All the efforts to secure intermediate production capacity and building relationship with main customers seems awesome now for intensification of company’s planning of development and application for special biopolymers. Metabolix Inc. is reputed all over the world for its ultimate sustainable solutions; the firm is now elaborating a family of high performance biopolymers based upon the objective of performance.
Read more about this deal here at - http://www.4-traders.com/METABOLIX-INC-36333/news/Metabolix--Closes-25-Million-Private-Placement-18952255/
According to the statement of president and Chief Executive Officer, Joseph Shaulson, the new capital will be used for pursuing production, technical and commercial deals integrated to the projected success regarding development of PHA biopolymers. Till now the company is engaged in development and commercialization of high performance biopolymers. With the establishment of intellectual property to lead the industry, the company is working for setting up great platform to promote PHA biopolymers. For this purpose, the company is also working in collaboration for some projects.
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