With Closing of Financing, CitroTech Accelerates Commercialization Ahead of the 2027 Fire Season
CitroTech announced the closing of a financing backed in part by its largest shareholder, BoltRock Holdings, led by Chairman Craig Huff, and said it will accelerate commercialization ahead of the 2027 fire season. The company said adoption of its fire-inhibitor products by railroads, utilities, and fire agencies is accelerating, supported by a certified-partner model intended to drive recurring purchases. Through HexiTech, its 50/50 joint venture with Hexion, CitroTech is targeting fire-retardant treated lumber and engineered wood products, with initial venture revenue anticipated in 2027.
Key figures
- Joint venture ownership
- 50/50 HexiTech JV with Hexion Inc.
- Joint venture initial revenue year
- 2027
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