The deal will aim to deliver a range of advanced moulded fibre products to replace plastic.
The partnership will see BioPaxium Technologies license its intellectual property and transfer its production to Transcend Packaging.
BioPaxium said unlike traditional moulded fibre such as egg cartons and cup carriers, advanced moulded fibre technology can be applied to intricate geometries allowing for broader replacement of thermoformed plastic.
The product can be engineered to be resilient to temperatures in excess of 200oC for a prolonged period in both a microwave and conventional oven or alternatively suitable for chilled or frozen products, such as chilled and frozen ready-meals.
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