Papyrus Australia (ASX:PPY) goes bananas over food packaging trial

• Agricultural waste fibre tech company Papyrus Australia (PPY) completes its food packaging trial
• The trial saw the company use its factory-produced refined banana fibre to produce commercial quantities of biodegradable moulded food packaging products in a conventional moulding machine
• Papyrus says this marks a major milestone, as it proves banana fibre is a viable alternative to wood pulp in moulded food packaging products
• Papyrus Australia is up 33.3 per cent, at 3.2 cents at 11:10 am AEST

Agricultural waste fibre tech company Papyrus Australia (PPY) has completed its food packaging trial.

The trial saw the company use its factory-produced refined banana fibre to produce commercial quantities of biodegradable moulded food packaging products in a conventional moulding machine.    

Papyrus said this marks a major milestone, as it proves banana fibre is a viable alternative to wood pulp in moulded food packaging products.

This is the first time Papyrus has used refined banana fibre in standard moulding machines, which it says demonstrates the commercial value of the company’s patented process of producing mechanically refined banana fibre.

“Whilst we have made moulded products before in Australia, China and Egypt, all were from fibre prepared under laboratory conditions and with very limited moulding runs,” explained Papyrus Managing Director Ramy Abraham Azer.

“We are now able to produce ‘tailored’ fibre on daily basis at our factory in Sohag that is subsequently moulded at a stock standard moulding factory for a whole shift.”

“Additionally, we are confident that we can now harness the unique advantages banana fibre has to optimise the end product or to achieve products other fibres are unable to produce,” said the Managing Director.

Papyrus said this represents a significant IP gain on how to prepare banana fibre for moulding and how to set up moulding lines to successfully mould the company’s fibre products.

Papyrus Australia was trading up 33.3 per cent, at 3.2 cents at 11:10 am AEST.