Ecovon is developing a new building material made from sustainably sourced wood made from coconut husk and sugar cane bagasse. By relying on agricultural waste, the company prevents deforestation. It contributes to the mitigation of climate change via a CO2 neutral production. At the same time, the anti-fungal and slow-burning material does not require additives such as glue or chemicals. It will serve as a cheap and strong building material for local communities and larger markets. Sugarcane and coconut producers will benefit via the recycling of their waste and local community members, mostly youth and women, will be provided with additional jobs.