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Pin to quick picksDirecta Plus Share News (DCTA)

Share Price Information for Directa Plus (DCTA)

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Share Price: 18.70
Bid: 18.40
Ask: 19.00
Change: 0.00 (0.00%)
Spread: 0.60 (3.261%)
Open: 18.70
High: 18.70
Low: 18.70
Prev. Close: 18.70
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Directa Plus asphalt technology laid at Imola Circuit

Fri, 12th Apr 2024 14:46

(Sharecast News) - Graphene nanoplatelet specialist Directa Plus announced on Friday that 'GiPave', an asphalt solution incorporating graphene and recycled plastics, was being installed at the Imola Circuit ahead of the Emilia-Romagna Grand Prix in May.

The AIM-traded firm said GiPave was the result of a collaborative effort between Iterchimica, G.Eco of the A2A Group, the University of Milano-Bicocca, and Directa Plus, following a multi-year research programme.

Leveraging graphene supplied by Directa Plus and incorporating hard-to-recycle plastics, including items like toys, fruit crates, and old CD cases, Directa Plus described GiPave as a novel approach to asphalt technology, boasting full recyclability, contributing to waste reduction and minimising the demand for new materials.

At Imola, GiPave was applied to resurface the access road paving to the paddocks, an area subject to heavy vehicle and foot traffic during race events.

The adoption of GiPave would reportedly yield substantial savings in energy and raw material consumption over the pavement's lifespan.

Projections were for savings of over 78,000 kilograms of bitumen, 1.623 million kilograms of aggregates - equivalent to the weight of 955 cars - and about 115 truck trips for material transportation.

Additionally, over 1,182,125 kilowatt-hours of energy - equivalent to the monthly needs of 5,254 families - and 74,000 kilograms of carbon dioxide equivalent emissions - equivalent to the absorption capacity of about 3,000 adult trees in a year - were expected to be conserved.

The initiative had also repurposed 3,700 kilograms of selected hard recycled plastics, further contributing to sustainability efforts.

"I am thrilled to see that the Imola Circuit is now the first in the world to implement an innovative, green asphalt solution incorporating our Graphene Plus, thanks to our partnership with Iterchimica," said chief executive officer Giulio Cesareo.

"This project underlines the limitless applications of Gipave-from bridges and motorways to airports and now race tracks."

Cesareo said the "outstanding properties" of Graphene Plus were "paving the way" for more sustainable infrastructure globally.

"Iterchimica and Directa Plus are pushing the boundaries of technology and sustainability and we are delighted to be collaborating with the group with which we with share the same goal to build a greener future."

At 1400 BST, shares in Directa Plus were up 7.69% at 21p.

Reporting by Josh White for Sharecast.com.

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12 Apr 2024 11:13

Directa Plus sustainable tarmac fitted for Emilia-Romagna Grand Prix

(Alliance News) - Directa Plus PLC said on Friday that the company's sustainable tarmac will be installed at the Imola Circuit in Italy ahead of the Emilia-Romagna Grand Prix in May, making it the first-ever environmentally-friendly tarmacked circuit.

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25 Mar 2024 14:44

IN BRIEF: Directa Plus gets EUR1 million loan for Setcar acquisition

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22 Mar 2024 11:14

Directa Plus collaborates with Heathcoat to boost technical textiles

(Alliance News) - Directa Plus PLC on Friday announced a new collaboration "to drive groundbreaking advancements in technical textiles."

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26 Feb 2024 12:28

Directa Plus buys further 49pc stake in Setcar

(Sharecast News) - Directa Plus announced the acquisition of an additional 48.96% stake in Setcar on Monday, taking its shareholding from 50.99% to 99.95%.

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12 Feb 2024 10:09

IN BRIEF: Directa Plus shares rise on "strong progress" last year

Directa Plus PLC - London-based graphene product manufacturer - Says it "made strong progress" in 2023, and expects to report revenue of about EUR11 million and a minimum 20% reduction in its adjusted loss before interest, tax, depreciation and amortisation, "slightly ahead" of market consensus. Follows revenue of EUR10.9 million in 2022 alongside an EUR3.2 million adjusted Ebitda loss. Company says consensus predicts EUR12 million in revenue and a EUR2.5 million Ebitda loss for 2023. Last year's "strong progress" includes "securing new contracts across key geographies and in all verticals" such as a EUR5.5 million three-year deal with Liberty Galati.

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12 Feb 2024 09:39

Directa Plus narrows FY underlying losses

(Sharecast News) - Graphene nanoplatelets producer Directa Plus said on Monday that it had made "strong progress" in 2023, with new contracts across key geographies leading to a marked reduction in underlying losses.

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12 Feb 2024 08:48

LONDON MARKET OPEN: FTSE 100 "hugging the flatline" in slow start

(Alliance News) - London's FTSE 100 opened in a muted fashion on Monday, failing to replicate the more convincing gains seen on Wall Street on Friday and elsewhere in Europe at the start of the new week, ahead of a busy few days of corporate earnings and economic data.

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EARNINGS AND TRADING: Symphony Environmental plummets on EU judgement

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20 Dec 2023 12:02

Directa Plus inks deal for tech to be used for graphene compounds

(Alliance News) - Directa Plus PLC on Wednesday said that it has signed a deal with an unnamed Italian innovator to buy the technology for a system capable of preparing tailored graphene compounds.

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20 Dec 2023 10:01

Directa Plus strikes 'landmark agreement' with Italian innovator

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15 Dec 2023 21:09

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(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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Directa Plus shares jump on strategic collaboration with Spectrum

(Alliance News) - Directa Plus PLC shares jumped on Monday, after it said it has signed a strategic collaboration with Spectrum Group.

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