On September 13, 2023, the American biomaterials company UBQ Materials announced the completion of the acquisition by Eden Global Partners led the $70 million financing, with other investors including TPG Rise Climate, TPG’s Rise Fund, and Battery Ventures and M&G’s Catalyst strategy.
UBQ Materials, a climate technology leader in making advanced materials from waste, will invest in UBD Materials’ commercial, sales and marketing expansion includes additional facilities in Europe and North America, as well as upcoming operations in Bergen, the Netherlands Industrial scale facility opened by Zoom. The new plant will have an annual production capacity of 80,000 tons of UBQ™ and can convert 104,600 metric tons of waste per year into new raw materials to produce bio-based thermoplastics.
UBQ Materials focuses on opening up the closed loop between waste, materials, and ecosystems. Through its advanced conversion technology, UBQ Materials has created the world’s first bio-based thermoplastic UBQ™ made entirely from residual waste, which also includes numerous organics and hard-to-recycle materials, as a sustainable alternative to petrochemical-based plastics. UBQ Materials converts residual household waste after landfill or incineration, including all organic matter, into an advanced thermoplastic material. This process can reduce the emissions of methane generated during landfilling and carbon dioxide generated during combustion. It is a An environmentally friendly and recyclable material. Today, many leading brands in industry use UBQ™ in durable and semi-durable products such as automotive parts, footwear, pallets, display racks, panels, flower pots, and more. Currently, UBQ Materials is investing heavily in R&D and developing new product lines to meet the functional and performance requirements of materials and serve industries such as construction, durable consumer goods, automotive, logistics and supply chain in the future.
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