MYCELX Technologies Targets DoD PFAS Cleanup Projects

MyCelx Technologies (GB:MYX) has released an update.

MYCELX Technologies Corporation has announced a Business Partnership Agreement with a Contractor to pursue PFAS remediation projects funded by the U.S. Department of Defense, focusing on a market with significant growth and high margins. The partnership is set to capitalize on a substantial market opportunity, as the estimated DoD cleanup costs for PFAS in Fiscal Year 2024 exceed $9.7 billion, with expectations for this figure to rise. MYCELX’s CEO expresses optimism for the company’s technology to contribute significantly to addressing the widespread issue of PFAS contaminants.

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