How Papyrus Is Transforming Banana Fibre into Sustainable Boards and Paper
Papyrus Australia has successfully expanded its banana fibre technology to produce boards and flat paper products, while advancing a promising joint venture in Vietnam for high-volume production.
- Successful trials extend technology to banana fibre boards and flat paper
- Vietnam joint venture milestone 1 due diligence confirms ideal location
- Rapid prototyping and R&D facility progressing in Adelaide
- Commercial production facilities planned in Australia and Vietnam
- Director exercises options, supporting company funding
Expanding Horizons with Banana Fibre Technology
May 2025 marked a significant milestone for Papyrus Australia Ltd as it successfully completed initial trials demonstrating its proprietary technology can now produce banana fibre boards and flat paper products. This development broadens the company’s scope beyond its established moulded packaging solutions, opening doors to industries seeking sustainable alternatives to traditional plastics and timber-based materials.
The trials, conducted at Papyrus’s Rapid Prototyping and R&D facility in Adelaide, validated the versatility of their Phase 2 technology. Early testing indicates promising wet strength and retention properties, essential for commercial viability. This innovation responds directly to growing industry demand for eco-friendly packaging and paper products, positioning Papyrus at the forefront of sustainable manufacturing.
Strategic Progress in Vietnam Joint Venture
Alongside product innovation, Papyrus is advancing its proposed joint venture with Thanh Dung Pty Ltd in Vietnam. The completion of milestone 1 location due diligence, conducted with support from L39 Capital Pty Ltd, confirmed that the chosen site offers favorable economic and infrastructure conditions. Notably, the location benefits from unique river-based logistics, enhancing both cost efficiency and environmental sustainability.
Thanh Dung’s established presence and secured feedstock supply underpin the joint venture’s potential to scale high-volume production. This partnership aligns strategically with Papyrus’s ambition to expand its manufacturing footprint in Asia, leveraging local advantages to meet growing global demand for sustainable packaging.
Ongoing Projects and Financial Overview
Papyrus continues to make steady progress on multiple fronts, including the design and installation of prototype equipment at its Adelaide facility, with commercial-scale design slated for completion by November 2025. The company is also advancing feasibility and execution phases for commercial production facilities in both Australia and Vietnam, targeting operations to commence in early to mid-2026.
Financially, Papyrus reported no related party payments in May and received $20,000 from the exercise of Tranche 1 options by Director Brad Lemmon, reflecting ongoing internal support. Operational expenditures primarily covered prototyping equipment procurement and staff overheads, consistent with the company’s growth and development activities.
Looking Ahead
With its technology proving adaptable and partnerships strengthening, Papyrus is well-positioned to capitalize on the expanding market for sustainable packaging solutions. The company’s commitment to transparent investor communication and steady project execution will be key as it moves toward commercial agreements and production scale-up.
Bottom Line?
Papyrus’s dual momentum in product innovation and strategic partnerships sets the stage for a transformative year ahead.
Questions in the middle?
- When will Papyrus secure commercial agreements for its new banana fibre board and paper products?
- How will the Vietnam joint venture impact Papyrus’s production capacity and market reach?
- What are the potential risks or delays in scaling up the commercial production facilities?