Papyrus Australia Ltd ( (AU:PPY) ) just unveiled an announcement.
Papyrus Australia Ltd has signed a contract with the University of South Australia to establish a Rapid Prototyping and R&D Facility in Adelaide. This collaboration aims to enhance Papyrus’s technological capabilities and expedite the development of their Phase 2 Technology, focusing on sustainable materials for food-grade packaging and other applications. The partnership underscores Papyrus’s commitment to innovation and sustainability, leveraging UniSA’s resources to expand their product range and meet the growing demand for eco-friendly materials.
More about Papyrus Australia Ltd
Papyrus Australia Ltd is an innovative company specializing in sustainable solutions by converting banana plantation waste into eco-friendly alternatives to wood, paper, and plastic products. Their patented technology eliminates harmful chemicals, recycles water, and produces materials like fibreboards and packaging, aligning with global sustainability goals to combat deforestation and plastic waste.
YTD Price Performance: -7.14%
Average Trading Volume: 219,323
Technical Sentiment Signal: Buy
Current Market Cap: A$7.42M
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