Liz Bui takes us behind the scenes at Yulex, a material science company that’s replacing extremely useful, but problematic petroleum-based products with natural rubber alternatives. Liz Bui is Chief Executive Officer at YULEX, based in the USA. She began her career in the biotechnology and pharmaceutical industry where she spent 20 years in senior roles. On top of managing all operational and business matters at YULEX, Liz is an intellectual property and transactional lawyer, a PhD scientist and also an adjunct professor at the University of San Diego School of Law. Originally from Vietnam, at the age of six Liz escaped on the day Saigon (now Ho Chi Minh City) fell to the North Vietnamese forces. She and her siblings, without their parents, were war refugees aboard a fishing boat until they were rescued by a US aircraft carrier. Like other Vietnamese refugees from that period, she was granted permanent residency and a new life in the U.S. We’ll hear about the origins and mission of Yulex and its long-term collaboration with Patagonia to develop natural rubber foam for wetsuits, replacing neoprene, a petroleum-based material. Liz explains some of the key principles underpinning Yulex’s approach to innovation, and how these are fundamental to helping it scale out and create benefits right across its value network. Liz talks us through some of the environmental and health issues associated with neoprene, and explains how Yulex is making it easier for suppliers to use natural rubber instead. She tells us about Yulex’s latest material innovation, Yulastic filaments - a sustainable alternative to petroleum-based elastane, aka spandex. And we hear how Yulex's Equitable AG program supports rubber smallholders in Southeast Asia, distributing 50% of the profits back to them.

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