08:49 AM EST, 02/12/2025 (MT Newswires) -- EcoSynthetix ( ECSNF ) , a renewable chemicals company that rose 3.5% on Tuesday, said on Wednesday that it won a new commercial account with a leading global pulp manufacturer that includes a purchase order for $1.1 million worth of material in 2025.
The manufacturer is using the company's SurfLock strength aids in the production of pulp.
EcoSynthetix ( ECSNF ) Chief Executive Jeff MacDonald said, "The pulp end market is a billion-dollar opportunity. The characteristics and value that our strength aids offer pulp manufacturers are compelling which we believe will underpin broader market penetration. We believe there is a significant opportunity with this global manufacturer beyond the first line and we continue to trial at other lines within their asset base."
Shares of the company closed up $0.17 to $4.9 on Tuesday on the TSX.