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Future Freight Networks : Yearbook 2013
47 FUTURE FREIGHT NETWORKS 2013 COMPANY PROFILE Gosford-based, Australian company Bio ba Limited has revolutionised transport logistics by using lower carbon dioxide-emitting technology to manufacture its patent-pending eco- composite used in the production of pallets. This technology, developed by integrating biopolymer organic innovation with the decades of expertise harboured by Bio ba's team of experts, is equipping the industry with a more cost-effective and eco-friendly option over the traditional non-renewable resources used in the pallet industry. Established in 2009, Bio ba was built upon the belief that an environmentally responsible business concept must include eco-minded policies. Chief Executive, Laurence Dummett, built these policies based on his own extensive background and experience working in the pallet manufacturing industry for the past two decades, and was a former licensor for a patented polystyrene pallet from 2004-2008. But, when environmental packaging regulations caused the industry to change course and seek out a more earth-friendly substitute, Dummett went to work on a new concept that would satisfy all the new requirements. 'The polystyrene pallet is to the telefax machine as Bio ba® are to the new smart phone,' he says of the technological advancement. Partnering with the Material Engineering and Science Division of the Commonwealth Scienti c Industrial Research Organisation (CSIRO), the developed raw material formulations and processes were further re ned, and Biopallets® made from Bio ba® represent 'the only known product in the world that has been tested and certi ed and is completely compostable.' Bio ba is funded by founding shareholders, private investors and the federal government Australian Growth Partnership, which have helped the company successfully carve its own niche in the logistics market. The idea for an eco-friendly pallet was customer-driven back in 2007. Before, the industry was without a product that complied with every global quarantine and environmental regulation. Now, worldwide there is a third option: 'We achieved that with the Biopallet®,' says Dummett. This ground-breaking product features an impressive list of environmental credentials: it's 100 per cent compostable in land ll and contains no contaminating chemicals -- in fact, it supports microorganism development within land lls. There is also no need for non- renewable fossil fuels or the destroying of irreplaceable timber forests to be used during production. Biopallets® will be manufactured all over the world and are expected to be made available within the last quarter of the 2013 nancial year. Businesses in Australia, the United States, Greater Asia, China and South Africa have obtained licences to market the technology in their respective regions, and Bio ba is negotiating with others in India, South America, Russia and the European Union. Though the technology is advanced, the end product has remained unchanged since the World War I era. 'The design of pallets [dates] back to the 1920s,' says Dummett. 'We haven't changed the design [or] reinvented the wheel; we've changed the material used to make the wheel.' Eco-friendly pallets: same end product, less impact