UBE Corporation (President: Yuki Nishida, Headquarters: Minato-ku, Tokyo; hereinafter "UBE") invested in Immaterial Ltd (CEO: Mohammed Khan, Headquarters: Cambridge, United Kingdom; hereinafter "Immaterial") in their top up to the A2 round capital raise. Immaterial is an early stage company aiming to commercialize CO₂ capture technologies utilizing densified monolithic Metal-Organic Frameworks (m-MOFs)^{*1, *2}.

A spin-out from the University of Cambridge, Immaterial develops, manufactures, and provides engineering solutions for gas separation and storage technologies based on m-MOFs. The company possesses advanced patented technology that enables the production of MOF in monolithic form--an achievement unique worldwide coupled with engineering innovation to improve the productivity of the engineering solutions for carbon capture. This technology contributes to affordable cost reduction in industrial decarbonization by providing the lowest capex and opex for carbon capture, enabling hard to abate sectors with stretched balance sheets to capture carbon.

UBE promotes research and development under the policy of "establishing technologies that serve as sources of competitive advantage through open innovation" and is committed to creating new specialty businesses. The high-efficiency, high-quality CO₂ separation and capture technology that Immaterial seeks to implement is expected to meet the growing global demand for decarbonization. Through supporting Immaterial's business and technology development, UBE aims to foster growth and establish and expand businesses for both companies.

The UBE Group is actively addressing global environmental issues by reducing GHG emissions and promoting the development and commercialization of environmentally friendly products and technologies. By delivering more environmentally beneficial products, technologies, and solutions to customers, we will contribute to achieving carbon neutrality across society and realize the UBE Group's vision for 2030: "A corporate group centered on specialty chemicals that contributes to the global environment, human health, and a prosperous future society."

Company Data: Immaterial Ltd

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Public Relations Group, Corporate Communication Department, UBE Corporation
Tel: +81-3-5419-6110; E-mail: contact_pr@ube.com