8th Dec 2022 11:48
(Alliance News) - Mycelx Technologies Corp on Thursday said that while 2022 was challenging, it expects trading to be fully in line with market expectations.
The Georgia, US-based clean water and air technology company said in 2023, it will focus on its advanced back washable media filter REGEN, clearing water of perfluoroalkyl & polyfluoroalkyl substances, known as PFAS or "forever chemicals", and on the Middle East next year.
"Within Saudi Arabia, the Company has commenced a rapid response project which is the fifth ammonia removal installation that we have undertaken with SABIC Agri-Nutrients, a global leader in the fertiliser industry," Mycelx said. Sabic, formerly known was Safco, is a Saudi petrochemical company.
Meanwhile, the company received a project extension with its newest customer "due to our consistent superior results," it explained.
Mycelx Technologies Corp shares rose 13% to 22.00 pence each on Thursday morning in London.
By Tom Budszus, Alliance News reporter
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