# Bazan Group signs supply agreement with UBQ Materials for climate-positive thermoplastic

Bazan Group's subsidiary Carmel Olefins signed a long-term supply agreement with UBQ Materials to incorporate UBQ's climate-positive thermoplastic into resin production. Initial supply will come from UBQ's facility in Tze'elim, Israel, with subsequent supply of 10,000 annual tons from a Netherlands facility expected in Q4 2022.

- Type: Contract
- Announced: 2021-10-25
- Where: Israel
- Status: announced
- Capacity: 10000 annual tons
- Products: climate-positive thermoplastic, UBQ™, Eco CAPILENE® specialty polypropylene
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Bazan Group](https://endata.com/companies/58670.md) (customer)
- [Carmel Olefins](https://endata.com/companies/58671.md) (customer)
- [UBQ Materials](https://endata.com/companies/58672.md) (supplier)
- [Ducor Petrochemicals](https://endata.com/companies/58673.md) (partner)

## Sources

- [ubqmaterials.com](https://www.ubqmaterials.com/bazan-group-inks-deal-with-ubq-materials-to-incorporate-climate-positive-thermoplastic-into-resin-product-lines/), 2021-10-25: "Bazan Group’s wholly-owned subsidiary, Carmel Olefins, together with UBQ Materials, announced today an agreement to incorporate the patented bio-based material, UBQ™, with the resin production of CAOL."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.