Nanollose's latest shipment of sustainable fibre

Nanollose (ASX:NC6), a leader in bio-material innovation, announced the shipment of 110kg of its Nufolium-20™ fibre to Glatfelter for product testing. This marks a significant advancement in the company's strategy to commercialise sustainable fibres. The shipment is part of its push into the nonwoven applications market, especially wet wipes.

Nanollose's path to sustainable innovation

Nanollose (ASX:NC6) has made a notable step forward by shipping 110kg of its Nufolium-20™ fibre for testing, aimed at the nonwoven applications market. This fibre shipment is part of the company's broader strategy to expand in sustainable materials. The collaboration with Glatfelter and Codi Group is crucial for testing and potential market entry. Financially, Nanollose has secured a $200,000 loan against its anticipated R&D refund, with $52,000 in cash reserves at the quarter's end. Despite potential short-term procurement challenges, Nanollose plans to scale production and continue its partnerships to commercialise its products, focusing on sustainability and innovation in biomaterials.

Commentary from the Nanollose team

The shipment of the Nufolium-20™ fibre is a significant milestone for Nanollose and demonstrates our continued progress towards commercialisation. The collaboration with Glatfelter and Codi Group allows us to test the fibre's performance in real-world applications, which is crucial for market entry.