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As reported by CAS Star, Zhejiang Pake New Materials Co., Ltd. has recently wrapped up its Series A+ funding round, with Harvest Investment stepping in as the investor. Established in 2018, Pake emerged from the commercial translation of research outcomes by the Changchun Institute of Applied Chemistry, Chinese Academy of Sciences. The company is dedicated to the research and development of chemical materials, centering on phenolphthalein-based polyaryletherketone (PEKC) as its flagship product, and has successfully brought this material to industrial scale. PEKC, a specialized engineering plastic within the polyaryletherketone family, boasts features like high-temperature resilience and chemical corrosion resistance, and has already carved out a niche in sectors such as aerospace and industrial manufacturing.
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