• UBQ Materials, an Israeli-based company that develops bio-based thermoplastic materials, has announced a pilot project with AmBev, the Brazilian subsidiary of the multinational brewery company Anheuser-Busch, to develop sustainable packaging solutions.

• AmBev will explore using UBQ Material’s bio-based thermoplastic material called “UBQ” in producing sustainable packaging for its beverage products. The pilot project is expected to convert 1,400 pounds of non-recyclable waste into UBQ, preventing emissions of over 12,000 pounds of carbon dioxide. Upon the successful completion of the pilot, Anheuser-Busch plans to explore the option of adopting UBQ for its packaging materials across the group internationally.

• For AmBev, the partnership is in line with its aim to increase recycled content in its packaging and to become plastic-neutral in its packaging by 2025 in Brazil. 

Analyst QuickTake: The partnership with AmBev follows UBQ’s partnership with PepsiCo last month. UBQ has onboarded leading multinational companies as its customers, which include the likes of Daimler (Mercedes-Benz) and Arcos Dorados (franchisee of McDonald’s restaurants across Latin America). In December last year , UBQ Materials also reported that it will use the USD 170 million raised to expand globally and to build a large-scale facility in the Netherlands to meet its growing demand.