British start-up Polymateria, the creator of the world's first biodegradable and recyclable plastic, will supply its revolutionary products to the electric racing series Extreme E, which kicks off in Saudi Arabia next month.
Cups and food packaging made from Polymateria’s thin, flexible polyethylene plastic will be used by the 10 teams competing at motorsport's newest form of green racing, which starts in Al Ula on April 3.
Unfortunately, 32% of the plastic produced in the world each year winds up in the natural environment.
Polymateria’s revolutionary Biotransformation technology means its products can either be recycled after the races or biodegrade naturally if they are discarded accidentally in the desert, helping to tackle the growing issue of global plastic pollution.
Niall Dunne, chief executive of Polymateria, said he was looking forward to working with Extreme E on turning the tide on the plastic pollution endemic.
“Unfortunately, 32 per cent of the plastic produced in the world each year winds up in the natural environment,” Mr Dunne told The National.
“If left unchecked, four billion tonnes of plastic pollution will enter our land and oceans by 2050.”
The company found that the majority of the plastic discarded across the world comprises of polyolefins that are produced mainly from oil and natural gas and can take up to 450 years to decompose.
“So, that’s the polypropylene cups you drink your coffee out of or the polyethylene shopping bags you bring your shopping home in,” Mr Dunne said.
The company focused on redesigning those materials at the point of manufacture, biologically and chemically altering the structure to ensure it disintegrates in nature and does not leave behind microplastics – tiny fragments less than 5 millimetres long that are harmful to the environment and the health of animals.
The technology means Polymateria’s plastic breaks down into a harmless sludge or wax when left out in the open air.
“To make that wax attractive to nature, the company uses a prebiotic to trigger the microbes, the bacteria and the fungi that exist in the natural environment to then digest it,” Mr Dunne said.
“So polyethylene we can get back [to nature] in 226 days, and polypropylene, that's your more rigid cup type containers, we can get that back in 326 days at ISO accredited independent laboratories.”
The company’s scientists can control the time it takes for biodegradation, delaying the process depending on how long the product needs to be used.
In the same way supermarket food has a use-by date, Polymateria’s products have an “expiry” date as to when the biodegradation process begins, which can be predicted down to the exact month.
“What we’ve pioneered in order to ensure responsible disposal, is to communicate to the consumer on the pack a recycle-by date – or dispose-by date if, for whatever reason, those materials can't be recycled,” Mr Dunne said.
“That can be any time from six months to three years. We can predict exactly when it becomes active ... and that's why it's so scalable.”
Polymateria was set up in 2015 by Jonathan Seiff – whose great-grandfather Michael Marks founded the British department store Marks & Spencer – and his business partner Lee-Davy Martin, after the pair spotted a gap in the market.
While other biodegradable or compostable plastics exist, they are not always suitable for conventional recycling because they do not break down in the same way as conventional plastic.
The duo set about creating the technology for Polymateria's product, using the knowledge of Dr Chris Wallis who remains the company’s head of innovations.
"They realised that the challenge facing the industry was to develop innovation that was more credible and science-based than anything else before, and also scalable,” said Mr Dunne.
“The size of the plastic pollution pandemic is staggering but they needed something that could scale and work at the level of the problem that we're actually facing, and come up with something that wasn't just going to be a niche innovation.”
The company completed a £15 million ($20.8m) Series A funding round in January last year, which valued the company at £110m, with Planet First Partners the lead investor.
Investors are attracted to the company’s credibility; its products are independently proven to be recyclable and biodegradable in the natural environment in tests carried out by the ISO-accredited Impact Solutions, a British company specialising in plastics expertise.
The funds raised last year allowed Polymateria to expand its global footprint, as well as the laboratories at its west London base.
It is also ramping up the products it supplies to supermarkets in the UK, such as disposable cups, food storage bags and packaging.
In one of its more recent tie-ups, Polymateria was signed by fashion brand Pour les Femmes, founded by American House of Cards actress Robin Wright. The fashion house will use the plastic for all its clothing deliveries to customers and shops.
The latest deal with Extreme E’s global X Prix events is another step forward for the brand, which is also looking at producing biodegradable face masks for the race series in the future.
Collaborating with Extreme E seems a natural fit for Polymateria. The radical new racing series will see electric SUVs competing in extreme environments already damaged or affected by climate and environmental issues.
The five-race event, which debuts in Saudi Arabia on April 3 featuring 20 drivers, will highlight the effects of climate change and human interference on a range of ecosystems in some of the world’s most remote locations.
While in Al Ula, the tour will shine the spotlight on desertification, before speeding on to Senegal, Greenland, Brazil and Argentina.
To minimise its effect on the natural environment, the races are not open to spectators, with fans instead invited to follow the action through a live TV broadcast, and on social media.
Alejandro Agag, chief executive of Extreme E, said the race series teamed up with Polymateria to help drive global awareness of solutions for plastic pollution while reducing its own environmental footprint at the same time.
Environmentally conscious investor Nico Rosberg, a Formula One world champion and founder of the Rosberg X Racing team which will compete in Extreme E, said Polymateria’s concept “is exactly the sort of cutting-edge innovation the world needs, backed up by robust standards and scientific evidence”.
Top tips
Create and maintain a strong bond between yourself and your child, through sensitivity, responsiveness, touch, talk and play. “The bond you have with your kids is the blueprint for the relationships they will have later on in life,” says Dr Sarah Rasmi, a psychologist.
Set a good example. Practise what you preach, so if you want to raise kind children, they need to see you being kind and hear you explaining to them what kindness is. So, “narrate your behaviour”.
Praise the positive rather than focusing on the negative. Catch them when they’re being good and acknowledge it.
Show empathy towards your child’s needs as well as your own. Take care of yourself so that you can be calm, loving and respectful, rather than angry and frustrated.
Be open to communication, goal-setting and problem-solving, says Dr Thoraiya Kanafani. “It is important to recognise that there is a fine line between positive parenting and becoming parents who overanalyse their children and provide more emotional context than what is in the child’s emotional development to understand.”
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
It
Director: Andres Muschietti
Starring: Bill Skarsgard, Jaeden Lieberher, Sophia Lillis, Chosen Jacobs, Jeremy Ray Taylor
Three stars
List of alleged parties
May 15 2020: PM and Carrie attend 'work meeting' with at
least 17 staff members
May 20 2020: PM and Carrie attend 'bring your own booze'
party
Nov 27 2020: PM gives speech at leaving do for his staff
Dec 10 2020: Staff party held by then-education secretary
Gavin Williamson
Dec 13 2020: PM and Carrie throw a flat party
Dec 14 2020: London mayor candidate Shaun Bailey holds staff party at Conservative
Party headquarters
Dec 15 2020: PM takes part in a staff quiz
Dec 18 2020: Downing Street Christmas party
The Details
Article 15
Produced by: Carnival Cinemas, Zee Studios
Directed by: Anubhav Sinha
Starring: Ayushmann Khurrana, Kumud Mishra, Manoj Pahwa, Sayani Gupta, Zeeshan Ayyub
Our rating: 4/5
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Profile
Company: Libra Project
Based: Masdar City, ADGM, London and Delaware
Launch year: 2017
Size: A team of 12 with six employed full-time
Sector: Renewable energy
Funding: $500,000 in Series A funding from family and friends in 2018. A Series B round looking to raise $1.5m is now live.
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
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Maestro
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EBradley%20Cooper%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EBradley%20Cooper%2C%20Carey%20Mulligan%2C%20Maya%20Hawke%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
MATCH INFO
Uefa Champions League quarter-final second leg:
Juventus 1 Ajax 2
Ajax advance 3-2 on aggregate
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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Conflict, drought, famine
Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.
Band Aid
Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.
Results
3pm: Maiden Dh165,000 (Dirt) 1,400m, Winner: Lancienegaboulevard, Adrie de Vries (jockey), Fawzi Nass (trainer).
3.35pm: Maiden Dh165,000 (Turf) 1,600m, Winner: Al Mukhtar Star, Adrie de Vries, Fawzi Nass.
4.10pm: Handicap Dh165,000 (D) 2,000m, Winner: Gundogdu, Xavier Ziani, Salem bin Ghadayer.
4.45pm: Handicap Dh185,000 (T) 1,200m, Winner: Speedy Move, Sean Kirrane, Satish Seemar.
5.20pm: Handicap Dh185,000 (D) 1,600m, Winner: Moqarrar, Dane O’Neill, Erwan Charpy.
5.55pm: Handicap Dh175,000 (T) 1,800m, Winner: Dolman, Richard Mullen, Satish Seemar.
ITU Abu Dhabi World Triathlon
Why your domicile status is important
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
UAE currency: the story behind the money in your pockets
MATCH INFO
Manchester City 1 Chelsea 0
De Bruyne (70')
Man of the Match: Kevin de Bruyne (Manchester City)
MATCH INFO
Liverpool 2 (Van Dijk 18', 24')
Brighton 1 (Dunk 79')
Red card: Alisson (Liverpool)
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The%20new%20Turing%20Test
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Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Qosty Byogaani
Starring: Hani Razmzi, Maya Nasir and Hassan Hosny
Four stars