Northwire Canada EditionThursday, July 16, 2026
Northwire
HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.190 +0.0% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.100 +0.0% SHL 0.360 +1.4% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.50 +0.9% CAM 0.335 +0.0% SYH 0.405 +0.0% LOT 0.040 +0.0% CPL 0.180 −5.3% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.190 +0.0% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.100 +0.0% SHL 0.360 +1.4% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.50 +0.9% CAM 0.335 +0.0% SYH 0.405 +0.0% LOT 0.040 +0.0% CPL 0.180 −5.3%
Other

Cleango rolls out MycoSet technology internationally

CGII · Price

Executive Summary

  • Cleango Innovations Inc. has commercially launched its MycoSet oil field remediation technology globally, marking a strategic entry into the Gulf Cooperation Council (GCC) and Middle East markets.
  • The international rollout is spearheaded by the company's Saudi Arabian subsidiary, Cleango Arabia Ltd., which was previously announced on August 6, 2025.
  • The MycoSet suite offers a biological alternative to traditional mechanical remediation, specifically engineered for extreme arid and hypersaline environments, positioning itself as a cost-effective and environmentally regenerative solution for the energy sector.

Key Details

  • Product Launch: Commercial launch of the "MycoSet" remediation suite, which includes the BioIngress biostimulant and PhytoCentra surfactant.
  • Technology Mechanism: A proprietary fungal slurry delivery system utilizing specialized mycelial networks to dismantle complex petroleum hydrocarbons.
  • Regional Focus: Expansion led by Cleango Arabia Ltd. targeting Saudi Arabia and the broader GCC region.
  • Strategic Partnership: Collaboration with Sanad Industrial (a subsidiary of EROG Holding) to localize innovative solutions and support Saudi Vision 2030 objectives.
  • Operational Advantages:
    • In situ Efficiency: Eliminates dig-and-dump excavation, reducing logistical costs by up to 60%.
    • Water Stewardship: Requires 85% less water than traditional soil washing methods.
    • Biological Restoration: Restores biological health of sand, allowing native flora to return, unlike thermal desorption which leaves soil sterile.
  • Market Positioning: Positioned as a nature-based, organic solution that is more cost-effective than toxic, energy-intensive legacy processes.

Notable Quotes

  • "The global launch of MycoSet represents a paradigm shift for the oil and gas industry... We have developed a platform that is not only environmentally regenerative but also significantly more cost-effective than the toxic, energy-intensive processes currently dominating the market. We are proving that sustainability and profitability can go hand in hand in the oil services sector." — Anthony Sarvucci, CEO
  • "By starting our global rollout in Saudi Arabia, we are placing our most advanced technology in the hands of the world's most sophisticated energy companies... delivering a product that cleans the environment while protecting the bottom line." — Anthony Sarvucci, CEO
Read the original news release →

More from Cleango Innovations Inc