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An update from Nanollose Ltd. ( (AU:NC6) ) is now available.
Nanollose Limited has announced a significant milestone in its strategy to penetrate the global wet wipes market with sustainable fabric solutions. Their partner, Magnera Corporation, successfully converted a 110kg batch of Nufolium-20™ fibre into nonwoven fabric, which was then shipped to Codi Group for the production of wet wipe samples. This development is a crucial step in Nanollose’s efforts to expand its market reach and address the growing demand for eco-friendly materials in the multi-billion-dollar wet wipes industry. The collaboration with industry leaders like Magnera and Codi Group highlights Nanollose’s commitment to providing sustainable alternatives to single-use plastics, potentially enhancing its industry positioning and stakeholder value.
More about Nanollose Ltd.
Nanollose Limited is a leading biomaterials company focused on commercializing scalable technology to create eco-friendly fibres, fabrics, and other novel materials with minimal environmental impact. The company utilizes an eco-friendly fermentation process to produce cellulose from agricultural waste and by-products, offering a sustainable alternative to traditional wood pulping processes. Their innovative biomaterials include Nullarbor™ fibres, MicroGel™ horticultural medium, and emerging animal-free and plastic-free leather-like materials.
Average Trading Volume: 244,508
Technical Sentiment Signal: Buy
Current Market Cap: A$19.83M
See more insights into NC6 stock on TipRanks’ Stock Analysis page.