Paper recyclers are being urged to support an Australian materials company that is seeking $30 million in public funding to assist the development of a new building material made entirely from paper and water.
Mullumbimby-based Zeoform will launch its 'crowd funding' campaign at the ECOXPO exhibition to be held in Sydney on 20 September.
Zeoform CEO Alf Wheeler said Zeoform is a “game-changing material” made of cellulose fibres and water that replaces plastic and wood. The company hopes to complete its manufacturing facility in northern NSW in 2014.
“Our paper-based material has the strength of fibreglass and is environmentally stable and completely non-toxic,” he said.
Zeoform hopes to raise $30 million in 30 days through the crowd-funding campaign, in similar way crowd-funding has supported overseas start-up projects such as Pebble Watch and Ubuntu Edge Smartphone.