UBQ Materials and Bazan Group Sign Agreement for Usage of Waste-Based Material
The UBQ thermoplastics will be incorporated into the development of a new resin market offering of specialty polypropylene.
UBQ Materials, a company that converts unsorted landfill-destined waste into thermoplastic (UBQ), has signed an agreement with Bazan Group’s wholly-owned subsidiary, Carmel Olefins (CAOL), Israel’s sole manufacturer of petrochemicals for raw materials in the plastics industry. The development of these reduced carbon resins will be done in cooperation with Ducor Petrochemicals, CAOL’s subsidiary in Rotterdam, Netherlands.
UBQ can be used both on its own and in conjunction with traditional resins made out of oil to offset the overall carbon emissions of end-products.
The initial quantities of UBQ will be supplied by UBQ’s facility in Tze’elim, Israel, with subsequent supply of ten thousand annual tons to come from the company’s Netherlands facility, to be operational in Q4 2022. The UBQ thermoplastics will be incorporated into CAOL and Ducor’s development of “Eco CAPILENE,” a new resin market offering of specialty polypropylene, providing carbon-reduced and recyclable materials to manufacturers.
“This agreement is another step towards implementing our new sustainability strategy. As part of our vision, we are increasing our portfolio of advanced and upcycled polymers to supply the polymers industry with innovative, sustainable options,” said Malachi Alper, CEO of Bazan Group.
Bazan Group’s new sustainable strategy, announced in July, outlines Bazan’s evolution from a company producing refined petroleum products and polymers to a supplier of renewable energy for transport and of advanced polymers. Bazan has set an objective of reaching 15% sustainable polymers by 2025 and 30% sustainable polymers by 2030.
“Until now, UBQ has partnered with brands and manufacturers of durable goods. Integrating UBQ at the resin production stage, not only expands the distribution of the material across the supply chain, but opens doors for new customers and new applications,” said Tato Bigio, co-founder and co-CEO of UBQ Materials.
Bazan supplies the global polypropylene market with more than 500 thousand tons of polypropylene per year.
UBQ sustainable resins.
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