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M Vest Water AS ( (DE:7YA) ) has shared an update.
M Vest Water has announced that Saudi Aramco will qualify its NORWAFLOC® chemicals and NORWAPOL® filters at Safaniya, the world’s largest offshore oilfield. This qualification, achieved in just half a year, is a significant milestone for MVW, potentially boosting its commercialization efforts across the Middle East. The pilot project at Safaniya will treat 1,000 barrels per day, and successful qualification could lead to the adoption of MVW’s environmentally friendly solutions in other Saudi Aramco fields, addressing the growing need for improved water treatment due to tightening regulations.
More about M Vest Water AS
M Vest Water is an environmental technology company that develops unique, non-toxic, and biodegradable products and solutions for the water treatment industry, serving both industrial and municipal markets. The company is listed on Euronext Growth under the ticker MVW.
YTD Price Performance: 11.11%
Average Trading Volume: 130
Technical Sentiment Signal: Hold
Current Market Cap: €26.07M
Find detailed analytics on 7YA stock on TipRanks’ Stock Analysis page.