UBQ Seals Deal With Polyram For Sustainable Thermoplastic Compounds
Two Israeli companies – UBQ Materials and Polygram Group – announced a partnership Tuesday to incorporate the patented bio-based material, UBQ™, into Polyram’s formulations to bring new sustainability solutions to market.
UBQ Materials develops climate-positive thermoplastic material – by converting unsorted household waste, including all organics, into UBQ™, a sustainable, cost-effective functional resin substitute.
“As the automotive industry races to net-zero, manufacturers are facing a challenge in which they must reach the highest levels of performance, safety and quality engineering while pushing the limits of sustainability, and staying price competitive,” said Albert Douer, Chairman and Co-CEO of UBQ Materials. “By combining Polyram’s expertise in formulating and reinforcing high-end compounds with UBQ’s uniquely sustainable material, we are bringing a remarkable value proposition to the market. Materials created through this partnership offer significant environmental benefits, from replacing virgin materials to reducing emissions, all without compromising on functionality or profitability.”
As an international producer and supplier of high-performance thermoplastic compounds with worldwide operations and deployment, Polyram provides advanced materials for durable industrial applications and products in a variety of industries including automotive, water irrigation, electronics and packaging.
“With growing concerns about climate change and resource availability, sustainability has become a priority for automotive manufacturers. Not only have consumers come to expect environmental consciousness, but legislation now demands it, such as the European targets for carbon neutrality,” said Yuval Peleg, CEO of Polyram Group. “We are excited to partner with UBQ to meet this direct market need for materials that significantly lower carbon emissions while reaching the highest quality and performance standards of the auto industry.”
Polyram Plastic Industries was established in 1986, now with more than 300 employees spread over its headquarters in Israel, as well as five production sites spread over four continents, including Israel, China, the US and the UK, with nine subsidiaries in the US, Spain, France, India, UK, China, Germany, Italy and Russia.