MacRebur, a UK-based company that uses waste plastics to create stronger, longer lasting roads, has launched an equity crowdfunding campaign on Seedrs. Originally seeking £590,000, the company successfully secured its initial funding target and is nearing £680,000.
The company was a participant of Voom 2016, a contest that was launched by Virgin Media Business and reward-based crowdfunding platform, Crowdfunder UK. It describes itself as a company that holds the UK and European patent on the method and recipe of mixing waste plastics such as bags, bottles, film wrapping, and cups, with bitumen, and its “magic formula,” to produce a new type of asphalt road material. Its first creation was Plasmac.
“MacRebur’s carefully selected plastics, taken from old rubbish, are added into roads to improve strength and durability, whilst reducing the quantity of the oil based bitumen used in a traditional road mix.”
MacRebur reported that accredited testing proved that its Plasmac road material recipe increase tensile strength by 60%, reduced potholes, reduced rutting, and increased the lifespan of the road. The recipe also uses local waste plastic in local roads, reduces imported bitumen, reduces fossil fuels usage, helps foster a circular economy, and reduces carbon emissions. The company noted that Plasmac offers lower raw material costs, reduced road maintenance costs, reduces waste last disposal costs, and higher asset value.
Funds from MacRebur’s Seedrs equity crowdfunding round will be used to continue the company’s expansion. The initiative is set to close later this spring.
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