Such is the potential for NILO’s product and process, IKEA has acquired a 12.5% stake and has entered into a development and access agreement that will see subsidiary, Inter IKEA, able to use Nilo’s patented plastic waste-derived adhesive in the production of its wood-based products.

Origin Energy has acquired a 5% stake in Allegro and has agreed to a pilot of their long duration Redox Flow battery at Eraring Power Station.