Directa Plus PLC Significant Tender Win (7493G)
28 Julio 2021 - 3:12AM
UK Regulatory
TIDMDCTA
RNS Number : 7493G
Directa Plus PLC
28 July 2021
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28 July 2021
Directa Plus plc
("Directa Plus" or the "Company")
Significant Further Tender Win from OMV Petrom
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 won an additional tender
from OMV Petrom, the largest oil and gas group in south-eastern
Europe, for the provision of waste treatment services utilising the
Company's Grafysorber(R) and the supply of related products. The
four-year contract has a total value of EUR3,200,000, with an
invoice value of approximately EUR800,000 per annum, and is
expected to commence in August 2021.
OMV's objectives are to improve the oil production process in
one of the company's upstream production assets in Romania and to
contain production costs by applying the most effective technology
solution to the treatment of produced water and sludges while
preventing oil spills and providing remediation services. It is
expected that approximately 80,000 cubic meters of sludge and waste
produced during the first upstream separation process will be
treated over the four year contract period and that up to 20,000
tons of crude oil with impurities below 1% will be recovered and
sent to the refinery.
In addition, it is expected that some 50,000 cubic meters of
produced water will be treated over the same period using dedicated
engineering equipment, increasing water injection quality while
meeting national regulations to minimise the use of water
resources. Directa Plus will supply a total of 700
highly-performant adsorbent devices containing Grafysorber(R) to
OMV Petrom to insulate, clean and eliminate any accidental oil
spills during the workover and intervention operations, mitigating
any environmental impact.
Directa Plus's patented Grafysorber(R) technology is a
graphene-based solution for treating water sludges and emulsions
containing 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: "This is our second major contract from OMV Petrom. Repeat
business demonstrates a satisfied customer which has already seen
our technology and services successfully applied to their
operations.
"With the recent trend of the oil price, we expect more E&P
companies will find our oil recovery services attractive.
Grafysorber(R) is continuing to gain traction with and generate
interest from the international oil and gas industry that require
an environmentally friendly solution to treat produced water and
sludges."
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
Pete Lynch
N+1 Singer (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.
-ends-
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July 28, 2021 04:12 ET (08:12 GMT)
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