Just days after launching its equity crowdfunding campaign on Seedrs, UK-based MacRebur is nearing £1 million. The company originally sought to raise £590,000 and quickly surpassed its funding target within days.
As previously reported, MacRebur 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. The company was a participant of Voom 2016, a contest that was launched by Virgin Media Business and reward-based crowdfunding platform, Crowdfunder UK.
While describing Plasmac, MacRebur reported that accredited testing proved that the road material recipe increased 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 claimed that Plasmac offers lower raw material costs, reduced road maintenance costs, reduces waste last disposal costs, and higher asset value.
“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.”
Funds from the Seedrs campaign will go towards MacRebur’s expansion.
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