Papyrus Australia Limited (PPY:ASX)
Papyrus Australia Ltd is an Australia-based company, which is engaged in the development technology that converts the waste trunk of the banana palm into alternatives to forest wood products to be used in the paper, packaging, furniture, building, construction and other industries. The Company's activities focus on managing its scarce working capital, consolidating the intellectual property portfolio, working with advisors in advancing a manufacturing facility in Far North Queensland, and progressing opportunities in Egypt. It focuses on being a technology licensing company assisting suitable entities to establish banana veneering and panel production factories locations across the world, where bananas are grown. It has developed a plantation-based manufacturing process to produce panel and veneer products. Its Papyrus technology process produces fiber chips of a uniform size; utilizes a mold during pressing and produces a product, and allows for the production of shapes with molds.