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Nanollose Ltd. ( (AU:NC6) ) has provided an announcement.
Nanollose Ltd. announced the successful completion of a 200kg batch of microbial cellulose by Hainan Guangyu Biotechnology, which will be shipped to Birla Cellulose’s facility in India for the fourth pilot production spin of Nullarbor-30™ fibre. This marks a significant milestone as it is the first time microbial cellulose will be directly incorporated into the lyocell process without additional pre-processing, demonstrating its compatibility with existing infrastructure. This advancement supports the scalability of Nanollose’s technology, enhancing its commercial appeal by offering a sustainable alternative to traditional pulp-based fibres.
More about Nanollose Ltd.
Nanollose Limited is a leading biomaterials company focused on commercializing scalable technology to create eco-friendly fibres, fabrics, and other materials with minimal environmental impact. The company utilizes a fermentation process to produce cellulose from agricultural waste, which is then used to develop innovative materials such as Nullarbor™ fibres and other sustainable alternatives.
Average Trading Volume: 119,349
Technical Sentiment Signal: Sell
Current Market Cap: A$16.4M
For detailed information about NC6 stock, go to TipRanks’ Stock Analysis page.