November 24, 2009
MBA Polymers voted Most Unique Offering at Cleantech
Richmond, CA USA – November 24, 2009: MBA Polymers, the world leader at recycling plastics from end of life durable goods such as computers, electronics, appliances and automobiles, today announced it has been identified as one of the fastest growing clean tech company in Europe and awarded the Most Unique Offering at the first Cleantech Connect awards ceremony in London.
The Cleantech Connect awards are presented to the fastest growing cleantech companies in Europe. Judges for this award include seventeen leading venture capital investors and bankers supporting the clean technology industry.
“The award for the Most Unique Offering recognizes MBA’s breakthrough technology for recycling plastic from durable goods. I am pleased to accept it on behalf of MBA Polymers and all of our employees, partners and investors. MBA has been steadily showing the world that the plastics from electronics, appliances and automobiles can be successfully recycled back into their original products” said Dr. Mike Biddle , President and Founder of MBA Polymers.
MBA Polymers received the award on the basis of its innovative technology and business model. Not only does MBA’s technology use waste as feedstock instead of petrochemicals, it also reduces the amount of energy required to manufacture the plastics by over 90% compared to a typical virgin plastics plant. MBA also saves between one and three tons of CO2 from entering the atmosphere per ton of virgin plastics it replaces.
Dr. Biddle explains: “We recover the energy intensive and difficult work that was used to create these polymers in the first place by rescuing these plastics from the waste stream. We merely clean, separate and purify them from existing waste streams using a much simpler and more energy efficient “above ground mining” approach to clean, separate and purify the plastics compared to the complicated and expensive chemical synthesis and polymerization processes used to make virgin plastics.”
Not only has the company developed breakthrough separation and upgrading technology, MBA has rolled out the technology commercially on a global scale with plants operating in the US, China and Austria and is building in the UK its largest plant, which will open in 2010.
About Cleantech Connect 2009 Awards
Cleantech Connect brings together Europe’s leaders in the clean and green technology space. Recognising growth and innovation in the sector, GP Bullhound is a keen supporter of this growing area. Cleantech Connect 2009 Awards are sponsored by: Schroders Private Banking, law firm Choate, European Leadership Foundation, Nexec, and the charity for the night, The Prince's Trust.
About GP Bullhound
GP Bullhound, Europe’s leading Investment Bank in Technology and Digital Media, has during the period 2006-2008 successfully raised in excess of 250MUSD for growth companies. With offices in San Francisco and London, GP Bullhound takes an active part in the local entrepreneurial community, venture market and corporate environment, thus giving expert advice within mergers & acquisition and institutional capital funding. In 2008 GP Bullhound demonstrated growth for the 5th consecutive financial year.
About MBA Polymers, Inc.
MBA Polymers, the first global company to deliver high performance plastic resin from waste plastic recovered from end-of-life durable goods, is enabling manufacturers to replace petrochemical-based plastic with resins made from recycled material. Innovative technology from MBA Polymers delivers high-performance resins by extracting plastics from end-of-life consumer electronics, appliances and automobiles.
The MBA Polymers patented processes utilize a fraction of the energy required to produce resin from petrochemicals and diverts tens of thousands of tons of plastic waste annually from landfills and incineration. MBA Polymers currently operates plants in the US, China and Europe and supplies automotive, appliance and electronics OEMs with the raw materials they need to deliver more environmentally responsible products worldwide. Its latest facility is being built in the UK and will have an initial processing capacity of more than 130 million pounds of plastics waste per year, expandable to about 175 million pounds. Once the UK plant is at full design capacity, MBA Polymers will have the production capacity to process over 350 million pounds per year of plastics-rich waste.
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