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MYECO Group Ltd (ASX:MCO)

ALERT: Price-sensitive ASX Announcement for MCO
Current share price for MCO : $0.020 0.008 (66.67%)+
Announcement
Release
20 May 2026 9:43AM
Price at Release
$0.012
Full Release
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Summary
MyEco Group Ltd has been awarded a 3-to-5-year supply agreement with Penrith City Council in New South Wales to provide compostable caddy liners for their Food Organic and Garden Organic (FOGO) program. The contract, valued at $6.8 million over five years, extends an 8-year relationship and demonstrates MyEco Group's leadership in providing sustainable packaging solutions. This agreement aligns with legislative mandates for FOGO recycling in New South Wales, anticipated to become more prevalent by 2030. MyEco Group's strategic submission included a robust distribution model and the introduction of a council-residents online ordering portal, enhancing service access for residents and supporting the anticipated legislative changes in waste management.
Key Points
  • MyEco Group awarded a contract by Penrith City Council for FOGO program.
  • Contract duration is 3 to 5 years, with an expected value of $6.8 million over five years.
  • The agreement extends an 8-year partnership with the council.
  • Contract supports NSW legislative mandate for FOGO by 2030.
  • MyEco Group's comprehensive tender included a new online ordering portal.
  • FOGO programs increase household participation and reduce CO2 emissions.
  • MyEco Group is a leader in sustainable packaging and materials.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.