Periodic Reporting for period 1 - StrawToGold (Revolutionizing the packaging industry with a patented treatment to lignin fibres)
Periodo di rendicontazione: 2018-06-22 al 2018-09-21
STRAWTOGOLD is a novel sustainable and highly efficient insulated packaging alternative to Styrofoam. Landpack, the creator of STRAWTOGOLD, for the first time is turning the agricultural side product, straw, into a material which can be used as an insulation material without the use of adhesives. Landpack has patented processes to treat straw fibers under certain conditions to transform its natural polymers into a soft and malleable material which can then me molded into any form desired. Thanks to the natural properties of these biopolymers which are resilient to pressure and are extremely stable, the final product has excellent insulation and shock absorption properties superior to the most ubiquitous insulation material on the market, Styrofoam. The most challenging parts of developing our technology has already been achieved and has given us the birth of our existing production line.
We have a goal to drastically increase our annual production and make it ready for worldwide commercialization. While the existing production line works reliably well, we see opportunities to speed up by factor 2 and automate more processes to create a perfect model for scaling our plants to other geographical areas while also ensuring the highest quality of our products. Scaling our business model will require continuing to build the strong base we’ve acquired in the e-food sector by increasing our sales throughout Europe and expanding into other industrial sectors.
The feasibility study has assessed the practicality of these three elements: to optimize our production plant, expanding in the e-food sector and enter new sectors.
Technical activities: How we can improve process time and optimize line components; what it would cost; how long it would take us and; how we can mitigate any risks and ensure the quality of our products while doing so.
Commercial activities: What our IP strategy should look like; confirming our freedom to operate; strengthening our sales in the e-food segment throughout Europe and developing a sales strategy and dissemination plan for moving into new sectors.
Financial activities: What are the funding requirements for carrying out our commercial plan; what is the cost-benefit analysis for new sectors and using all this information to improve our business plan.