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Mycelx Technologies Corp - Georgia, US-based clean water and air technology - Wins its second project with an unnamed Middle East producer for the treatment of produced water during enhanced oil recovery production, valued at around $1.5 million. This follows the company’s installation of its REGEN retro-fit package, one of the company’s water treatment technology products, for the same producer in April. Chief Executive Officer Connie Mixon says: ‘We are pleased to have secured another project with this leading Middle East producer, which supports our view that the enhanced oil recovery production market will deliver significant growth opportunities for the business. These project wins highlight our strong technical position in water treatment where conventional methods of treatment are struggling to meet the needs of advanced oil production methods.’ Current stock price: 40.79 pence, up 6.0% in London on Tuesday afternoon 12-month change: down 24% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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