MyCelx Technology Corp on Thursday said it is ‘very pleased’ with the US Environmental Protection Agency’s publication of the first legally-enforceable national standards for drinking water.

The Georgia, US-based clean water and air technology company noted that the new standards will protect communities from harmful per- and polyfluoroalkyl substances, or PFAS, in drinking water.

PFAS substances, also known as ‘forever chemicals’, have been linked to cancer, liver and heart problems, as well as damaging the immune systems and development of infants and children.

The EPA estimates that between 6.0% and 10% of 66,000 public drinking water systems may have to take action to reduce PFAS. The new standards will reduce PFAS expose for 100.0 million people.

MyCelx noted $1.00 billion will be made available in funding through the bipartisan infrastructure law to invest in the implementation of PFAS testing and treatment at public water systems, as well as to help the owners of private wells address PFAS contamination.

A $9.00 billion investment also will be made to aid communities with drinking water containing PFAS and other containments.

MyCelx’s Chief Executive Officer Connie Mixon said: ‘We are very pleased to see this announcement by the EPA. The need for successful treatment of ’forever chemicals‘ is now acknowledged and funding is being made available which will accelerate the adoption of new and more effective technology such as ours.

‘MyCelx is engaged and very focused on the PFAS remediation market, as the company’s unique and patented technology is proven to successfully treat water and remediate sites that have been contaminated by PFAS chemicals, up to current EPA water standards.’

MyCelx shares rose 7.6% to 53.80 pence each in London on Thursday morning.

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