Fact finding on UBQ Materials
Business and mission
Their vision is to create a world where finite resources are reused infinitely, landfills are eliminated and the environment is preserved for future generations. UBQ has created a revolutionary way to take ordinary household waste, including organics, that cannot be recycled, and convert it into a new worldwide-patented material that can be used to make the kind of familiar products people use every day.
CEO : Jack (Tato) Bigio
a demonstrated history of working in international project development, renewables, and environment industry
Problem they solve
According to the United Nations Environment Program, 5 percent of global greenhouse gas emissions are produced by decomposing organic material in landfills. Roughly half is methane, which over two decades is 86 times as potent for global warming as carbon dioxide, according to the U.N. Intergovernmental Panel on Climate Change.
How they solve it ?
UBQ has developed a technology to produce sustainable plastic with materials that are available at almost limitless supplies and which are causing untold damage to the environment: landfill rubbish. The process from UBQ, which has been patented following five years of work, breaks down commonly recycled items such as glass and metals while remaining refuse like food are dried and milled into a powder.
The ability to put to use otherwise unrecyclable rubbish has been made possible, says UBQ, thanks to a technique that converts that waste into a homogeneous and sustainable and commercially valuable material. From every tonne of that material produced – a grey powder which contributes no greenhouse gas emissions and which requires no water in its production – between three and 30 tonnes of CO2 are prevented from entering the atmosphere .
Why is this a company to watch and follow ?
The Tel Aviv-based company has raised $30 million. Shoseyov and Nobel Chemistry Prize winner Prof. Roger Kornberg from Stanford University sit on UBQ’s advisory board along with, among others, former European Commissioner for Climate Action Connie Hedegaard.
What will improve their contribution to Inclusive Growth
Even if its technology is ultimately successful, UBQ faces questions about its long-term viability. Building additional plants could be expensive and time-consuming. It also needs to prove there is a market for its plastic products.