Directa Plus PLC Award of Oil Decontamination and Recovery Contract (9451G)
July 29 2019 - 1:00AM
UK Regulatory
TIDMDCTA
RNS Number : 9451G
Directa Plus PLC
29 July 2019
29 July 2019
Directa Plus plc
("Directa Plus" or the "Company")
Award of Oil Decontamination and Recovery Contract
Directa Plus (AIM: DCTA), a leading producer and supplier of
graphene nanoplatelets based products for use in consumer and
industrial markets, announces that it has been awarded a supply and
service contract ("the Award") to treat and recover crude oil from
producing wells onshore Europe. The Award, commencing on 1 August
2019, is to treat several thousand cubic meters of sludges and
by-products for a value of approximately EUR150,000 over the next
six months, using the Company's Grafysorber(R) technology. Directa
Plus will provide a full service to the customer, an international
oil and gas company, supplying a mobile treatment unit and
operating the recovery process.
Directa Plus and the customer expect that the application of the
Grafysorber(R) technology will both improve the production process
and potentially reduce costs through recovering crude oil from
sludges and water associated with extraction and avoiding disposal
as an untreated waste. In addition, the treatment will improve the
quality of the water injection to stimulate production which will
help to meet environmental regulations and reduce usage of water
resources.
The Award is in line with the Company's previously announced
strategy to offer a full decontamination and recovery service for
its Grafysorber(R) pollutant adsorber product to international oil
and gas and marine markets in order to capture significant
additional value for shareholders.
The Company's proprietary Grafysorber(R) technology is a
commercially-available graphene-based solution for treating water
contaminated by hydrocarbons and is at least five times more
effective than current technologies - adsorbing more than 100 times
its own weight of oil-based pollutants. In addition, Grafysorber(R)
is sustainably produced, non-flammable and reusable, with the
adsorbed hydrocarbons recoverable.
Commenting, Giulio Cesareo, Founder and CEO of Directa Plus,
said: "Our commercialisation strategy for the key environmental
sector is based on providing international oil and gas customers
with a complete environmental solution and service based on our
patented Grafysorber(R) technology.
"I am pleased that we can today announce the first of what we
hope will be a growing number of supply and service contracts with
oil and gas producers as we seek to expand this business regionally
and then globally."
For further information please visit
http://www.directa-plus.com/ or contact:
Directa Plus plc +39 02 36714458
Giulio Cesareo, CEO
Marco Ferrari, CFO
Cantor Fitzgerald Europe (Nominated Adviser
and Joint Broker) +44 20 7894 7000
Rick Thompson, Philip Davies Will Goode(Corporate
Finance)
Caspar Shand Kydd (Sales)
N+1 Singer (Joint Broker) +44 20 7496 3069
Mark Taylor, Lauren Kettle
Tavistock (Financial PR and IR) +44 20 7920 3150
Simon Hudson, Barney Hayward, Edward Lee
About Directa Plus
Our focus is principally on the two sectors in which we have
strong commercial advantage through developed and launched products
and a technological lead: environmental (based on our
Grafysorber(R) product) and textiles (based on our G+ products). In
addition, we will continue to pursue opportunities in elastomers
and composites (including tyres and asphalt), also using our G+
products. All our products are hypoallergenic, non-toxic and
sustainably produced.
-ends-
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
CNTBLGDRXXDBGCI
(END) Dow Jones Newswires
July 29, 2019 02:00 ET (06:00 GMT)
Directa Plus (LSE:DCTA)
Historical Stock Chart
From Apr 2024 to May 2024
Directa Plus (LSE:DCTA)
Historical Stock Chart
From May 2023 to May 2024