UBQ In Operation – from Blog post
UBQ Materials, an Israeli climate tech startup that develops advanced materials from waste, has raised $70 million in funding, led by Eden Global Partners. Additional investors include TPG Rise Climate, TPG’s Rise Fund, Battery Ventures, and M&G’s Catalyst strategy. The company has now raised $240 million.
Climate change is real and the world is clearly getting hotter. Waste disposal uses a great deal of energy, adding to greenhouse gases. And as biodegradables like food break down, they release greenhouse gasses. So using this to make plastics and other things will keep that from happening and put the energy used in its disposal to better use making things.
The investment will support UBQ’s global expansion, including the construction of new facilities in Europe and North America. UBQ’s first industrial-scale facility, located in Bergen Op Zoom, Netherlands, is scheduled to open soon. The new facility will have an annual production capacity of 80,000 tons of UBQ, converting 104,600 metric tons of waste annually into a new raw material.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
UBQ is a sustainable thermoplastic material that can be used to replace oil-based plastics in a wide range of applications. UBQ is made from unsorted waste, including all organics, and is both climate-positive and highly recyclable.
UBQ can be used alone or in combination with conventional oil-based resins to offset the overall carbon footprint of final products in industries such as construction, automotive, logistics, retail, and even 3D printing. UBQ is a climate-positive material made from unsorted waste, including all organics. It can be used to replace oil-based plastics in a wide range of applications, such as automotive parts, construction materials, and packaging.
UBQ Materials’ bio-based thermoplastic, UBQ, serves as a sustainable alternative to fossil-based plastics. UBQ Materials converts residual household waste diverted from landfills or incineration, including all organics, into an advanced thermoplastic material that is both climate-positive and highly recyclable. Leading industry brands have already integrated UBQ™ into durable and semi-durable products such as car parts, footwear, pallets, display stands, panels, planters, with customers including Mercedes-Benz, PepsiCo, and McDonald’s.
UBQ explained that over 3 billion tons of municipal solid waste (MSW) are expected to be produced annually by 2050. Current approaches to waste management, such as landfilling and incineration, contribute to climate change. Landfills are the third largest human source of methane, a greenhouse gas 84 times more powerful than carbon dioxide over 20 years. Incineration emits 1.7 kg CO2eq for every kilogram of MSW incinerated.
Every kilogram of UBQ replaces 1 kg of oil-based plastic, diverts 1.3 kg of waste from landfills and incinerators, and prevents up to 11.7 kg of CO2eq emissions measured over a 20-year time horizon, boasts the company.
“UBQ as a sustainable material option can have a huge impact – but only with mass adoption. This means building UBQ facilities on a world-scale, which requires significant expansion and funding,” said Albert Douer, Co-CEO and Chairman of UBQ Materials. “Adding Eden Global Partners to our heavy-hitting investor list fuels our rapid growth trajectory as we continue to invent new material solutions that will expand humanity’s ability to use waste as a raw material.”
