What’s at stake: Ikea-backed cleantch company Nilo is planning to build a $20m demonstration plant in south Auckland after hitting the key milestone of producing a commercial-grade adhesive product out of plastic waste for the first time.
The background: Nilo was set up in 2019 to help solve the world’s plastic waste problem and is focusing initially on a sprayable adhesive that reduces the carbon footprint of the huge engineered wood products market.
The players: Nilo, Ikea, Mike Maunsell.
Ikea-backed cleantech company Nilo is planning to build a $20 million demonstration plant at Drury in south Auckland after hitting the significant milestone of producing a commercial-grade product for the first time.
Nilo has developed a sprayable adhesive from plastic waste that significantly
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Key points
What’s at stake: Ikea-backed cleantch company Nilo is planning to build a $20m demonstration plant in south Auckland after hitting the key milestone of producing a commercial-grade adhesive product out of plastic waste for the first time.
The background: Nilo was set up in 2019 to help solve the world’s plastic waste problem and is focusing initially on a sprayable adhesive that reduces the carbon footprint of the huge engineered wood products market.
