- UBQ Materials closed $70M in funding led by Eden Global Partners.
- The investment supports global expansion, including new facilities in Europe and North America.
- UBQ's new facility in the Netherlands will convert 104,600 metric tons of waste annually.
- UBQ's thermoplastic replaces oil-based plastics and reduces CO2 emissions.
Funding and Expansion
UBQ Materials has secured $70 million in funding, led by Eden Global Partners, with participation from TPG Rise Climate, TPG’s Rise Fund, Battery Ventures, and M&G’s Catalyst strategy. This investment will support the company's commercial, sales, and marketing scale-up as it continues its global expansion. New facilities are planned for Europe and North America, including an industrial-scale facility in Bergen Op Zoom, Netherlands, which will have an annual production capacity of 80,000 tons of UBQ™.
Technology and Impact
UBQ Materials converts residual household waste, including organics, into a bio-based thermoplastic, UBQ™, which serves as a sustainable alternative to fossil-based plastics. This process diverts waste from landfills and incineration, reducing greenhouse gas emissions. Every kilogram of UBQ™ replaces 1 kg of oil-based plastic, diverts 1.3 kg of waste, and prevents up to 11.7 kg of CO2eq emissions over a 20-year period.
Industry Applications
UBQ™ has been integrated into products by leading brands such as Mercedes-Benz, PepsiCo, and McDonald’s. The material is used in various applications, including car parts, footwear, pallets, display stands, panels, and planters. The company is also investing in R&D to develop new product lines for the building and construction, consumer durables, automotive, and logistics and supply chain industries.
Future Outlook
With the new funding and expansion plans, UBQ Materials aims to scale its operations and increase the adoption of its sustainable materials globally. The company’s efforts contribute to a circular economy by transforming waste into valuable raw materials, addressing the growing issue of municipal solid waste and its environmental impact.
