MacRebur, a UK-based company that uses waste plastics to create strong, longer-lasting roads, has successfully secured its initial £1.5 million funding target through its latest equity crowdfunding campaign on Seedrs. The campaign recently launched, just a little over a year and a half after MacRebur secured £1,274,140 through its first Seedrs funding round, and has so far attracted more than 930 investors.
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. The company reported that its roads can now be driven on around the UK in places including Newcastle, Dumfries and Galloway, Durham, Enfield, Penrith and all over Cumbria, with trial roads being made and laid in Bahrain, Australia, New Zealand, and Turkey and are working with asphalt manufacturers to test and approve our products in these areas.
“MacRebur’s products are engineered from waste plastics destined for landfill or incineration. MacRebur use these waste plastics to replace part of the bitumen in an asphalt mix, resulting in an environmentally friendly, more durable, longer lasting road. At the end of the lifecycle of the roads, the waste plastics used can be fully recycled back into new roads.”
MacRebur also revealed it has supplied to various asphalt companies, including Tarmac, Cemex and Aggregate industries as well as with Tynedale Roadstone (North East), Jobling Purser (Carlisle and Newcastle), Tillicoutry Quarries (Mid-belt Scotland) and Eurovia (North London). Funds from the current crowdfunding round will go towards growth and expansion. It is set to close later this fall.
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