Clean TeQ Water (ASX:CNQ) Is in Focus After Major European Technology Breakthrough

Highlights

• Clean TeQ Water (ASX:CNQ) completed commissioning and contractual performance testing of its first full-scale commercial PHOSPHIX phosphate removal plant in Europe.
• The Ireland-based project, delivered in partnership with Enva, achieved treated phosphate levels more than ten times better than contractual requirements.
• The plant recorded phosphate concentrations below 0.1 mg/L P-PO₄ against the required level of 1.0 mg/L.
• The milestone establishes Clean TeQ Water’s first commercial operating reference plant for PHOSPHIX and supports future European growth opportunities.
• The technology demonstrated hydraulic capacity above design while achieving approximately 99% water recovery without liquid brine discharge.

Clean TeQ Water Limited (ASX:CNQ) has announced the successful completion of commissioning and contractual performance testing for its first full-scale commercial PHOSPHIX phosphate removal plant in Europe, marking an important milestone in the company’s technology commercialisation journey.

The update comes as Clean TeQ Water shares traded at AUD 0.49, down 1.01% during the morning session on 28 July 2026. Despite the day’s movement, the stock remains up 113.04% over the past year, with investors continuing to track the company’s progress in commercialising its water treatment technologies and expanding opportunities across global markets.

Clean TeQ Water Achieves First European Commercial PHOSPHIX Reference Plant

Clean TeQ Water has successfully completed the commissioning and contractual performance testing of its PHOSPHIX phosphate removal plant delivered in partnership with Enva in Ireland.

The project represents the first commercial-scale deployment of PHOSPHIX technology following several years of laboratory development, pilot testing and engineering work.

The successful completion provides Clean TeQ Water with its first operating reference plant for PHOSPHIX and establishes a commercial installation in Europe that prospective customers can evaluate under full-scale operating conditions.

The project was originally announced in November 2024 and was designed to remove phosphate from industrial wastewater generated by Enva’s end-user, a multinational pharmaceutical manufacturer. The solution was developed ahead of increasingly stringent European wastewater discharge regulations.

Company Overview and Technology Platform

Clean TeQ Water is a global water technology company headquartered in Melbourne, Australia, focused on developing environmentally sustainable solutions for freshwater scarcity, wastewater treatment, mine tailings and metal recovery challenges.

The company operates across key markets including water and wastewater recycling, lithium production and mine tailings rehabilitation.

Clean TeQ Water’s technology portfolio is built around its proprietary Moving Bed Ion Exchange (MBIX) platform, which supports several commercial applications including PHOSPHIX, DESALX, HIROX, BIONEX and CLEAN-IX.

Through its international presence and partnerships, the company is targeting opportunities across multiple regions, including Europe, Africa, Latin America and Asia.

PHOSPHIX Plant Exceeds Contractual Performance Requirements

The contractual performance demonstration for the Irish PHOSPHIX plant was completed after a continuous ten-day operating test during June 2026.