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.

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