UBQ Materials completes mega-recruitment and claims that it knows how to create the most ecological plastic in the world
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The Israeli startup UBQ Materials announced today the completion of a $ 170 million mega-fundraiser led by TPG Rise and with the participation of Battery Ventures and M&G Catalyst. The company is developing technology that is able to take your household waste, and turn it into a plastic substitute.
Your organic manure can also become a new substance
One does not have to be a great genius to understand that the waste of us all does tremendous damage to the only ball we have. As much as you do not recycle, it is still probably not enough, what is more you can not recycle most of the garbage you create, which eventually goes to landfills, pollutes the groundwater and is also often thrown into the sea. So the technology created by UBQ Materials makes it possible to take household waste such as food scraps, plastics, cardboard, paper and even dirty diapers, and turns it into UBQ, the thermoplastic material that is considered environmentally friendly.
The plastic produced can be integrated into construction, vehicles, 3D printers and many other uses, and already now the company provides UBQ to giants like Mercedes Benz, Mainetti, Plastic Crown and a large McDonald’s franchise in Latin America.
How does it work, you ask? Well, Jack (Tattoo) Biggio, co-founder and co-CEO of UBQ, explains that the process begins with receiving your junk at the company’s plant, which is currently located in Kibbutz Tze’elim, and will later open a new plant in the Netherlands. There the waste undergoes a process of extraction of metals and minerals that are sent for initial recycling. According to him, household waste contains about 90% of organic components and only about 10% of plastic components, so through the company’s process, a chemical reaction is created that causes the organic components to break down into the most basic components: “lignin, cellulose, fiber and sugars, then rearranges them Thermoplastic. The plastic components are melted and absorbed into the matrix, creating the new material, a composite material called UBQ.
According to him, the production of one tonne of UBQ actually prevents emissions into the atmosphere of 11.7 tonnes of greenhouse gases. Biggio adds that a test of the company’s product found that UBQ is “the thermoplastic material with the lowest carbon signature among the materials currently on the market.”
UBQ Materials was founded in 2012 by Yehuda Pearl (who founded Sabra, which was sold to PepsiCo and Strauss in 2007), Jack (Tattoo) Biggio, who manages Ampai Investment Company, and Adv. Rani Lev, who is currently the legal advisor of UBQ. The company plans to use the funds raised to further expand its international deployment, including the construction of a new plant in the Netherlands, which is due to operate in about a year, while the Tze’elim site will continue to operate commercially and the R&D team will continue to explore new materials.
A good old age
Born with a joystick in hand. He has far too many gadgets and far too little free time to play with them all. An unexplained hammer holder for calibrating device batteries. When he’s not busy writing about technology, he likes to talk about it, and a lot
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