Directa Plus PLC Reactivation of Decontamination Contract (2784O)
07 Octubre 2021 - 1:00AM
UK Regulatory
TIDMDCTA
RNS Number : 2784O
Directa Plus PLC
07 October 2021
7 October 2021
Directa Plus plc
("Directa Plus" or the "Company")
Reactivated Contract for Ground Decontamination
Directa Plus (AIM: DCTA), a leading producer and supplier of
graphene nanoplatelets based products for use in consumer and
industrial markets, announces that a previously awarded contract
for soil decontamination has now become effective for the Company's
remediation subsidiary, Setcar SA ("Setcar"). The contract is
effective from October 2021 for a duration of 12 months and has a
value to Setcar of approximately EUR900,000.
On 19 June 2019, Setcar with two other parties signed a
framework agreement for the "Execution of cleaning, remediation and
ecological reconstruction works for the former Constanta Petroleum
Products Warehouse" with OMV Petrom . 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, the scope of work and the contract has now become
effective.
The Constanta Petroleum Products Warehouse is in the built-up
area of Constanta, located on the Black Sea coast in Romania. The
site is owned by OMV Petrom with an area of approximately 36,000
square metres. The scope of work involves the on-site
decontamination of the soil and subsoil; bringing the
concentrations of pollutants to the remediation thresholds from
which they no longer represent a health risk for the population and
the environment.
Commenting, Giulio Cesareo, Founder and CEO of Directa Plus,
said: "Setcar is proving to be the 'go-to' supplier of petroleum
and hydrocarbon remediation services in both ground and water in
south east Europe. This is another good win and I congratulate the
team behind the project."
This announcement has been approved by Giulio Cesareo, Chief
Executive, on behalf of the Company.
For further information please visit www.directa-plus.com or
contact:
Directa Plus plc +39 02 36714458
Giulio Cesareo, CEO
Giorgio Bonfanti, CFO
Cenkos Securities plc (Nominated Adviser
and Joint Broker) +44 131 220 6939
Neil McDonald
Adam Rae
Singer Capital Markets (Joint Broker) +44 20 7496 3069
Rick Thompson
Phil Davies
Tavistock (Financial PR and IR) +44 20 7920 3150
Simon Hudson
Heather Armstrong
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+(R) products).
In addition, we will continue to pursue opportunities in elastomers
and composites (including tyres and asphalt), also using our G+(R)
products. All our products are hypoallergenic, non-toxic and
sustainably produced.
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