As a result of this increasing demand, the company said, UBQ Materials plans to open a new facility in the Netherlands that will have an annual production output of 80,000 tons.
Jonathan Plisco, new business development manager at Teknor Apex, said the company is "excited" to further its partnership with UBQ and the development of sustainable TPE.
"This new product enables sustainable product design and reduces dependency on virgin petroleum-based plastic," he said. "In the race to meet market demand for environmentally conscious materials, we are proud to offer new sustainable options that provide the right balance of performance, manufacturability and economics."
Derek Schaefer, vice president of business development at UBQ North America, said the partnership with Teknor Apex strengthens UBQ's commitment to improving the carbon footprint of everyday products.
"We all have a role to play in reducing methane emissions," Schaefer said. "Through this new 'Made with UBQ' product line, manufacturers have the ability to contribute to a truly circular economy where human consumption lives in harmony with the planet."