ALTANA AG, UB FIGG Invest in NORDTREAT

2024-07-02 08:43

The Finnish sustainability fund UB Forest Industry Green Growth Fund (UB FIGG) and the speciality chemicals group Altana are investing in the technology company Nordtreat.

Nordtreat site in Finland. Source: Altana

The company specialises in the development and production of innovative, high-performance and environmentally friendly fire retardants. Nordtreat specialises in bio-based raw materials.

Founded in 2015, Nordtreat has since continued to expand its product and service portfolio for bio-based, environmentally friendly fire retardants. In addition to the investment by UB FIGG and Altana, the company also agreed to develop bio-based flame retardant additives with Altana’s BYK division. We see a growing demand for bio-based solutions for flame retardant additives,” says BYK division head Dr Jörg Hinnerwisch.

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