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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: 0.30 (1.60%)
Spread: 0.60 (3.261%)
Open: 18.70
High: 19.00
Low: 19.00
Prev. Close: 18.70
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Directa Plus signs contract to supply oil spill clean-up material

Fri, 23rd Nov 2018 10:53

(Sharecast News) - Graphene-based products producer and supplier Directa Plus has signed a €0.2m contract to supply a graphene-based 'Grafysorber' mobile production unit and a set of G+ oil adsorption barriers to GSP Group, it announced on Friday, for use in offshore emergency situations and to clean water in harbours and ports.The AIM-traded firm said GSP and its affiliates operated a diversified fleet, which included mobile offshore drilling rigs, offshore support vessels, construction vessels, heavy lift crane barges, ROVs and a saturation diving system.It described it as an integrated services provider to the oil and gas industry, with a global presence.The sale followed the successful conclusion of GSP's evaluation of the use of Grafysorber in the removal of hydrocarbons from contaminated water from oil and gas activities, Directa Plus claimed.It said Grafysorber had been independently tested by ENI to demonstrate that the material performed at least four times better than the other adsorbent products currently on the market, at a low cost-to-high efficiency ratio, with the adsorbed oil and used adsorbent material able to be recovered and recycled.The board said it was "delighted" to announce that it had been invited by Petroleum Development Oman, the leading exploration and production company in the Sultanate of Oman, to participate in a Tier 2 Oil Spill Response Exercise that was set to take place from 17 to 19 December.Directa Plus said it viewed the Gulf region as a "key area" for the further development on its environmental business, based on the Grafysorber product."We are very proud to have received our first commercial contract, marking the significant shift from successful completion of industrial tests to commercial activity offshore with GSP," said Directa Plus founder and chief executive officer Giulio Cesareo."We look forward to further collaborations and demonstrations such as the one next month in Oman that could lead to further agreements with oil and gas players as we roll out our environmental services to the industry."
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