How Nanollose’s Pilot Run and New CEO Could Transform Sustainable Textiles
Nanollose Limited has completed a successful pilot manufacturing run blending its Nullarbor-20 fibre with wool, raised $1.05 million through an entitlement issue, and appointed Andrew Moullin as CEO to drive its commercialisation strategy.
- Pilot production run with Waverley Mills producing wool blankets with Nullarbor-20 fibre
- Completed $1.05 million entitlement issue to strengthen balance sheet
- Appointment of Andrew Moullin as CEO and Managing Director
- Post-quarter success converting Nufolium-20 fibre into nonwoven fabric for wet wipes
- Joint patent granted in Japan and inclusion in National Gallery of Victoria exhibition
Pilot Production Milestone
Nanollose Limited, a biomaterials innovator listed on the ASX, has marked a significant step forward in its commercial journey with the successful completion of a pilot manufacturing run alongside Waverley Mills, a renowned Australian wool mill. This collaboration produced approximately 70 blankets blending Nanollose’s proprietary Nullarbor-20 fibre with premium Australian merino wool, demonstrating the fibre’s versatility and compatibility with natural textiles.
The pilot run not only validates Nanollose’s technology but also highlights its potential to integrate sustainable fibres into established textile supply chains, a key consideration for the global fashion and textile industries increasingly focused on decarbonisation and circularity.
Leadership and Funding Strengthening
In parallel with operational progress, Nanollose has bolstered its leadership team by appointing Andrew Moullin as Chief Executive Officer and Managing Director. Moullin brings over two decades of senior executive and legal experience, including roles at Iluka Resources and DLA Piper, positioning him well to steer Nanollose through its next phase of commercialisation.
Financially, the company completed a 1 for 3 entitlement issue, raising $1.05 million before costs. This capital injection provides critical balance sheet flexibility to advance product development and commercial initiatives through the remainder of 2025.
Expanding Market Reach and Intellectual Property
Post quarter-end, Nanollose’s product development partner Magnera successfully converted a 110kg batch of Nufolium-20 fibre into nonwoven fabric rolls for wet wipes manufacture. This milestone opens access to the multi-billion-dollar global wet wipes market, where demand for sustainable, biodegradable materials is intensifying.
Further strengthening its competitive moat, Nanollose secured a joint patent grant in Japan for its microbial cellulose lyocell fibre technology, complementing an earlier grant in India. The company’s Nullarbor fibre was also selected for inclusion in an upcoming exhibition at the National Gallery of Victoria, underscoring its innovative credentials and growing recognition beyond industrial circles.
Outlook and Strategic Focus
Looking ahead, Nanollose plans to continue pilot production testing and engage directly with multinational partners to scale production capabilities. An accelerated feasibility study for a pilot fermentation and processing facility is also slated to commence, aiming to underpin commercial scale manufacturing.
Despite a cash balance of $611,000 at quarter-end and ongoing prudent cost management, the company is actively negotiating funding pathways to ensure sufficient capital for its ambitious growth plans. CEO Moullin’s leadership will be pivotal in navigating these commercial and financial milestones.
Bottom Line?
Nanollose’s recent operational and leadership advances set the stage for critical commercial scaling, but funding and market adoption remain key hurdles ahead.
Questions in the middle?
- How quickly can Nanollose scale production to commercial volumes with multinational partners?
- What are the timelines and prospects for additional patent grants in other major markets?
- How will Nanollose secure sufficient funding to sustain operations beyond the current cash runway?
