(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

Comments and questions to newsroom@alliancenews.com

Copyright 2022 Alliance News Ltd. All Rights Reserved.