MYCELX Technologies Corporation, the clean water technology company providing patented solutions for commercial industrial markets worldwide, announces a progress report on trials in its key geographies and an update on cost cutting measures that are currently being implemented.
MYCELX is pleased to report progress in its three key geographies with regards to new installations and trials. The Company has recently completed its first installation for full water recycle and reuse for hydraulic fracturing in West Texas on a lease to purchase basis. Post successful trials, the system was installed to reduce operational costs through the production of high quality recycled water necessary for the fracturing process.
In Saudi Arabia, MYCELX has commenced a trial with a SABIC affiliate to treat wastewater from a petrochemical maintenance operation which it believes will further bolster its prior successes in the turnaround market and accelerate project awards. As previously reported, the Company continues to progress applications of its technology in the Enhanced Oil Recovery segment of the market with a successfully completed third trial at a major producer's site in India.