Tubi currently operates one plant under contract in Texas, in the United States, and has four new plants under construction. Of these four new plants, one is being constructed under contract for a customer in Texas, one for sale to a customer in New Zealand in accordance with a technology licensing agreement and the remaining two plants are intended for use in the United States. Since 2017, Tubi has produced more than 14,000 tonnes of HDPE pipe in New Zealand and the United States.
All of Tubi’s technology is developed in-house by its engineering development team led by the Company’s founder, Marcello Russo.
It is anticipated that 2BE will list on the ASX during June 2019.