{"id":131986,"date":"2023-09-21T07:26:00","date_gmt":"2023-09-21T05:26:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=131986"},"modified":"2023-09-21T08:02:40","modified_gmt":"2023-09-21T06:02:40","slug":"ubq-materials-raises-70-million-in-funding-led-by-eden-global-partners","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/ubq-materials-raises-70-million-in-funding-led-by-eden-global-partners\/","title":{"rendered":"UBQ Materials Raises $70 Million in Funding, Led by Eden Global Partners"},"content":{"rendered":"\n

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UBQ Materials<\/a>, climate tech developer of advanced materials made from waste, today announced it has closed $70 million in funding, led by Eden Global Partners. Additional participants in the financing were return investors in the company, including TPG Rise Climate, TPG\u2019s Rise Fund, Battery Ventures, and M&G\u2019s Catalyst strategy.<\/strong><\/p>\n\n\n\n

The investment will support the company\u2019s commercial, sales, and marketing scale up, as UBQ Materials continues its global expansion. This will include additional facilities in Europe and North America, alongside the impending opening of UBQ\u2019s industrial-scale facility in Bergen Op Zoom, Netherlands. The new facility will have an annual production capacity of 80,000 tons of UBQ\u2122, converting 104,600 metric tons of waste annually into a new raw material.<\/p>\n\n\n\n

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\u201cWe have long admired what the team at UBQ has built and are firm believers in the potential of the company\u2019s groundbreaking waste conversion technology,\u201d said David Dwek, Chief Executive Officer of Eden Global Partners<\/strong>. \u201cAt Eden, we partner with visionary companies working to shape a better future for their industries and our world, and UBQ is a pioneer in its space with the power to redefine global sustainability at scale. We believe the market opportunity for UBQ\u2019s materials is enormous and look forward to supporting UBQ\u2019s world-class management team as they continue to grow the business.\u201d<\/p>\n<\/blockquote>\n\n\n\n

UBQ Materials\u2019 bio-based thermoplastic, UBQ\u2122, 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\u2122 into durable and semi-durable products such as car parts, footwear, pallets, display stands, panels, planters, with customers including Mercedes-Benz, PepsiCo, and McDonald\u2019s.<\/p>\n\n\n\n

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\u201cUBQ as a sustainable material option can have a huge impact \u2013 but only with mass adoption. This means building UBQ facilities on a world-scale, which requires significant expansion and funding,\u201d said Albert Douer, Co-CEO and Chairman of UBQ Materials<\/strong>. \u201cAdding 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\u2019s ability to use waste as a raw material.\u201d<\/p>\n<\/blockquote>\n\n\n\n

Over 3 billion tons<\/a> of municipal solid waste (MSW) are expected to be produced annually by 2050 while current approaches to waste management continue to contribute to climate change. Landfills are the third largest human source of methane, a Greenhouse Gas (GHG) 84 times more powerful<\/a> than carbon dioxide over 20 years, while incineration emits 1.7 kg CO2<\/sub>eq for every kilogram of MSW incinerated. Every kilogram of Israeli-manufactured UBQ\u2122 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 CO2<\/sub>eq emissions measured over a 20-year time horizon.<\/p>\n\n\n\n

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\u201cUBQ has pioneered a fully sustainable resource, pivotal for existing manufacturing industries across endless applications,\u201d said Jack (Tato) Bigio, Co-Founder and Co-CEO of UBQ Materials<\/strong>. \u201cBeyond major brands adopting UBQ\u2122, our compounding partners have become integral to our ecosystem allowing us to further expand our \u2018Made with UBQ\u2122\u2019 applications and international footprint, driving a true circular economy.\u201d<\/p>\n<\/blockquote>\n\n\n\n

UBQ Materials is investing significantly in its R&D, developing new product lines to meet functional and performance requirements to serve the building and construction, consumer durables, automotive, and logistics and supply chain industries.<\/p>\n\n\n\n

About UBQ Materials Ltd.<\/h3>\n\n\n\n

UBQ Materials Ltd. closes the loop between the ecosystems of waste and materials. Through its advanced conversion technology, UBQ Materials Ltd. has created the world\u2019s first bio-based thermoplastic, UBQ\u2122, made entirely from residual waste, including all organics and hard-to-recycle materials. A sustainable plastic substitute, UBQ\u2122 preserves finite resources, diverts waste from landfills and incinerators and prevents emissions. A certified B Corp, UBQ Materials is expanding globally to provide the world\u2019s largest businesses and consumers with a climate positive solution for a circular economy.<\/p>\n\n\n\n

About Eden Global Partners<\/h3>\n\n\n\n

Eden Global Partners, located in New York City, is committed to building lasting relationships with entrepreneurs shaping a better world. The firm\u2019s strategic financial guidance and extensive network of capital partners help companies scale, innovate, and develop sustainable, long-term value. Eden\u2019s core mandate is to find the most impactful companies in the world and deliver flexible capital solutions, whether in the form of its own capital or alongside Eden\u2019s global network of like-minded partners. <\/p>\n","protected":false},"excerpt":{"rendered":"

UBQ Materials, climate tech developer of advanced materials made from waste, today announced it has closed $70 million in funding, led by Eden Global Partners. Additional participants in the financing were return investors in the company, including TPG Rise Climate, TPG\u2019s Rise Fund, Battery Ventures, and M&G\u2019s Catalyst strategy. The investment will support the company\u2019s […]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"UBQ Materials continues its global expansion and this will include additional facilities in Europe and North America, alongside the impending opening of UBQ\u2019s industrial-scale facility in Bergen Op Zoom, Netherlands","footnotes":""},"categories":[5572,17143],"tags":[10416,11966,10453],"supplier":[22749,17454],"class_list":["post-131986","post","type-post","status-publish","format-standard","hentry","category-bio-based","category-recycling","tag-circulareconomy","tag-plastics","tag-recycling","supplier-eden-global-partners","supplier-ubq-materials"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/131986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=131986"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/131986\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=131986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=131986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=131986"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=131986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}