Jespal Deol, chief executive of Graphene Nanochem, (LON:GRPH), explains how and why the firm has left behind its capital intensive fuel additives business to focus on higher margin oil and water chemical opportunities.
The CEO also comments on plans cut net debt to less than 2 times EBITDA by 2018 and align the debt maturity with the next phase of growth.
Despite the tough market conditions, Graphene Nanochem has rolled-out three product lines from its oil recovery solutions unit to national oil and gas companies.
“Our products are no longer regarded as 'new',” says Deol. “They are becoming standard wherever we deploy them.”