Business & Finance |
Nanollose Limited

BUSINESS AND OPERATIONS UPDATE

Nanollose Limited (ASX:NC6) (“Nanollose” or the “Company”) is pleased to provide shareholders and investors with a business and operations update. Throughout temporary lockdowns to control the spread of COVID-19, Nanollose’s operations in Western Australia (“WA”) have continued unaffected. While the Company’s overseas partners, Grasim Industries Limited (“Grasim”) and Hainan Yeguo Foods Co., Ltd (“Hainan Yeguo Foods”) have been impacted by lockdowns, communications have continued as the Company progresses to commercialise its treefree fibres.


Highlights:

  • Nanollose has continued to expand, improve and develop its technologies for the production and processing of microbial cellulose at its Western Australian facilities, which have been unaffected by COVID-19 restrictions.  

  • Despite the temporary lock down periods in India, Nanollose has continued to advance the Collaboration Agreement with Grasim, by liaising with their R&D team and exchanging important technical information. New and improved samples of processed microbial cellulose were successfully shipped from Nanollose to Grasim in June 2020 for trial fibre spinning. 

  • Nanollose’s Chinese microbial cellulose supplier, Hainan Yeguo Foods Co Ltd, is again operational and has recently supplied an improved sample for testing and trial processing, as a prelude to scale-up.  

  • The Collaboration Agreement with Grasim provides Nanollose with a world class and globally recognised industrial partner, with the ability to accelerate development and commercialisation.


The Company has increased capabilities and capacity at its WA facilities, in part to support the Grasim Collaboration. This has resulted in improvements and refinements to the integration and efficiency of its processes, to transform waste material into microbial cellulose (MC) suitable for conversion into nullarbor™ fibre. These process improvements will assist greatly during the upcoming scale-up phase. In addition, Nanollose has recently been exploring an alternative waste stream sourced from several local companies in WA, for its potential to produce MC, with highly encouraging early results.


Nanollose CEO, Alfie Germano, commented: “While the pandemic has seen paradigm shifts in many industries, it is encouraging to see that it has only strengthened the fashion industry’s commitment to sustainability. Nanollose’s Tree-Free fibres are ideally placed to assist the industry meet that commitment.”


For further information please contact:

Jane Morgan Management

Investor and Media Relations 

jm@janemorganmanagement.com.au

+ 61 405 555 618


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