Mycelx Technologies Corp - Georgia, US-based clean water and air technology - Wins new purchase order from SABIC Agri-Nutrients to provide clean water for its fertiliser production process. This will be the fourth project with this customer, Mycelx notes.
Mycelx also wins short-term emergency response project with a ‘leading independent petrochemical company’ in Saudi Arabia. Company expects this will develop into a longer-term partnership.
Renews two water treatment contracts with ‘long-standing customers’ in Saudi Arabia.
Says these projects underpin its 2022 revenue forecasts, which it says it is on track to meet.
Finally, Mycelx confirms success of its ongoing trial evaluating its REGEN product for use in enhanced oil recovery. Notes ‘advanced negotiations’ with a ‘major producer’ for a REGEN retrofit of the firm’s existing equipment.
Current stock price: 48.00 pence, up 13% on Tuesday in London
12-month change: up 9.1%
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