In the first of our regular profiles of non-listed companies crowdfunding on Seedrs, we highlight MacRebur which uses up waste plastics destined for landfill or incineration to replace bitumen in a road mix.
MacRebur® is focused on solutions to help solve two world problems, namely to help end the waste plastic epidemic blighting the planet and to enhance the asphalt used to make road surfaces around the world. Their innovative solution involves processing waste plastics destined for landfill or incineration and adding them into asphalt for road construction and surfacing to extend and enhance the bitumen (fossil fuel) binder.
How do they do it? MacRebur’s® carefully selected plastics, taken from existing waste streams, are added into roads to improve strength and durability, whilst reducing the quantity of the oil-based bitumen used in a traditional road mix.
By extending part of the bitumen in the mix, MacRebur® products are reducing fossil fuel usage, leading to a reduction in carbon footprint and helping to foster a circular economy.
With each km of road laid using our MR products, they estimate they use up the equivalent weight of 740,541 one-time-use plastic bags. 1 tonne of MacRebur® mix contains the equivalent of 857 plastic bags.
Substantial accomplishments to date
MacRebur® manufacture their patented product, machinery and activator from their owned manufacturing plant in Lockerbie Scotland which also houses their own laboratory and offices. They are working with, and research has been funded through, The Department of Transport and ADEPT, together with Cumbria County Council, Nottingham University and others to prove the roll out of MacRebur® additives in roads by October 2021. MacRebur is already working with many of the major asphalt manufacturers and construction companies in the UK and have laid roads a number of counties across England, Scotland and Wales.
Internationally, MacRebur have two manufacturing plants setup through licence agreements in San Diego and San Francisco. Trial roads and testing has been completed in many countries including the UK and Europe, Turkey, Australia, and Japan. Terms of agreement for distribution have been signed in India, Alabama USA, Chile, Estonia, Kuwait, New Zealand, Switzerland, Bahrain, Spain, and Malaysia. In addition, MacRebur is working with large construction firms and asphalt manufacturing plants in The United States of America.
The business has identified 5 new locations to set up manufacturing plants where the volume of work requires MR product to be manufactured locally.
Monetisation strategy
MacRebur has four revenue generating streams; MR Product sales and MacRebur Activator sales, MLA sales (Manufacturing Licence Agreements), MRA sales (Manufacturing Rental Agreements) and owned manufacturing plants.
Use of fundraising proceeds
MacRebur is in a position to scale up its operation by building additional manufacturing plants in five strategic locations across the world. The additional plants will cost £600k each to install, set up and staff. Each strategically located plant will enable the business to use local waste in local roads and manage the process themselves. The five new plants are expected to be delivered within the next 3 years.
MacRebur is currently fundraising through Seedrs. At the time of writing MacRebur has raised £2,651,681 from 2,394 investors with the fundraising round set to close on Friday 23rd April 2021.
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