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Directa Plus picks up second contract for graphene-based oil clean-up product

The contract is with GSP Offshore and worth €5mln over a seven-year period.

Directa Plus PLC -
Setcar will treat oil-contaminated water and soil, residual drilling fluids treatment and clean oil storage tanks

Directa Plus (LON:DCTA) has won a second contract for its graphene-enhanced oil contaminant treatment Grafysorber through subsidiary Setcar.

The contract is with GSP Offshore, part of the Romanian oil services group GSP, and worth €5mln over a seven-year period.

GSP already also an eight-year agreement with Romanian oil and gas group OMV Petrom, another of Directa Plus’s partner.

Setcar will treat oil-contaminated water and soil, residual drilling fluids treatment and clean oil storage tanks.

Giulio Cesareo, Directa Plus CEO, said: "Our strategy is to partner with outstanding innovative businesses to use graphene technology to improve the performance of products and services with proven applications and markets.

“The Setcar investment and this contract win is a great example of how this works - validating an entirely new process designed around our Grafysorber graphene technology, which we can then take to market globally.”

Quick facts: Directa Plus PLC

Price: 57.5 GBX

Market: AIM
Market Cap: £35.07 m

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