Nanollose's Fourth Spin of Nullarbor Fiber Arrives in India; Shares Up 4%

MT Newswires Live

01/05

Nanollose (ASX:NC6) said the microbial cellulose for the fourth pilot production spin of its Nullarbor fiber arrived in India, with co-development partner, Birla Cellulose, set to start specification testing and fiber spinning by February, according to a Monday filing with the Australian bourse.

The feedstock for the fourth spin consists of a 200-kilogram batch of microbial cellulose produced by Hainan Guangyu Biotechnology, the company's partner in China, the filing said.

Nanollose shares rose 4% in afternoon trade on Monday.

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