Brisbane-based company
Earthodic has managed to create an innovative and trademarked bio-based coating solution 'Paperbarc', and recently attracted investments of $1.85 million in a pre-seed round led by Tenacious Ventures and Investible.
The company believes Paperbarc is well suited to bulk and secondary packaging applications in the agricultural and food supply chain that require water resistance and enduring structural integrity, for example replacing wax boxes for fruit, vegetables and seafood that are going in and out of cold rooms.
The company notes these milestones allow Earthodic to offer commercial quantities to packaging manufacturers looking to deliver a 100 per cent biobased coating to end-users and aid in reaching ESG (Environment, Social and Governance) targets.
Source: businessnewsaustralia.com
Photo source: Earthodic