Directa Plus PLC (AIM:DCTA, OTC:DTPKF) said a previously awarded contract for soil decontamination at a petroleum products warehouse in Romania has been reactivated.
The contract is effective from October 2021 for a duration of 12 months and has a value to Setcar, Directa Plus’s remediation subsidiary, of roughly €900,000.
The producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets said a framework agreement for the execution of cleaning, remediation and ecological reconstruction works for the former Constanta Petroleum Products Warehouse was originally signed in June 2019.
The project was halted for more than two years as a result of an archaeological site being identified within the decontamination site. The investigation of the site recently concluded and the project parties signed an addendum to the contract, defining the estimated total value of the project and the scope of work.
The scope of work involves the on-site decontamination of the soil and subsoil as well as bringing the concentrations of pollutants to the remediation thresholds from which they no longer represent a health risk for the population and the environment.
"Setcar is proving to be the 'go-to' supplier of petroleum and hydrocarbon remediation services in both ground and water in southeast Europe,” said Giulio Cesareo, the founder and chief executive of Directa Plus.