Papyrus Secures $4.2M Deal to Launch Biodegradable Mining Product
Papyrus Australia has signed a binding term sheet with TBS Mining Solutions to produce a biodegradable version of the Collar Keeper®, marking a significant step in commercialising sustainable mining products.
- Binding term sheet with TBS Mining Solutions for biodegradable Collar Keeper®
- Contract valued at approximately $4.2 million over three years
- Manufacturing to commence at new Adelaide facility expected in Q4 FY26
- Option to extend contract for an additional three years
- Collaboration highlights Australian innovation in sustainable mining solutions
A New Chapter for Sustainable Mining Products
Papyrus Australia Limited has taken a decisive step forward in its mission to transform agricultural waste into eco-friendly industrial products. The company announced a binding term sheet with TBS Mining Solutions Pty Ltd, a subsidiary of Aquirian Limited, to manufacture a biodegradable version of the Collar Keeper®; a patented product widely used in the mining sector.
This agreement, valued at around $4.2 million over three years with an option to extend for another three, signals Papyrus’s transition from development to commercialisation. The biodegradable Collar Keeper® will be produced at Papyrus’s upcoming commercial facility in Adelaide, which is slated for commissioning in the fourth quarter of fiscal year 2026.
Innovation Meets Industry Demand
The collaboration leverages Papyrus’s patented technology that converts plantation waste; currently focused on banana plantations; into sustainable paper and board products. Combined with TBS Mining Solutions’ technical expertise and market knowledge, the partnership has successfully completed laboratory and field testing, clearing the path for commercial rollout.
Executive Chair Al Jawhari described the deal as a “transformative moment” for Papyrus, emphasizing the hard work over the past eight months to refine the product and align it with market needs. He highlighted the synergy between the two companies as a prime example of Australian ingenuity, marrying environmental responsibility with commercial viability.
Looking Ahead
While the term sheet is binding, both parties have committed to negotiating a definitive agreement by the end of October 2025. The successful commissioning of the Adelaide facility will be critical to meeting production timelines and fulfilling contract obligations.
This deal not only promises to generate steady revenue for Papyrus but also positions the company as a pioneer in sustainable mining solutions, a sector increasingly under pressure to reduce environmental impact. The biodegradable Collar Keeper® could set a new standard for mining consumables, combining performance with eco-conscious design.
Bottom Line?
Papyrus’s upcoming production launch could redefine sustainable mining supplies and boost its market footprint.
Questions in the middle?
- Will the definitive agreement be signed by the October 2025 deadline?
- How quickly can the Adelaide facility ramp up to full production capacity?
- What are the prospects for expanding biodegradable product lines beyond the Collar Keeper®?
