Directa Plus PLC Collaboration with GSP SA on Grafysorber® (3009Z)
December 14 2017 - 2:01AM
UK Regulatory
TIDMDCTA
RNS Number : 3009Z
Directa Plus PLC
14 December 2017
14 December 2017
Directa Plus plc
("Directa Plus" or the "Company")
Directa Plus and GSP SA collaborate to evaluate oil & gas
applications for Grafysorber(R)
Signed binding letter of intent to conduct field tests of
graphene-based product for water decontamination in oil & gas
industry
Directa Plus plc (AIM: DCTA), a producer and supplier of
graphene-based products for use in consumer and industrial markets,
announces that it has entered into a collaboration with GSP SA.
Headquartered in Romania and part of the GSP Holding group, GSP SA
operates in the global oil & gas industry and it is working
with Directa Plus to evaluate the use of Grafysorber(R), the
Company's graphene-based product for environmental applications, in
the removal of hydrocarbons from contaminated water emanating from
oil & gas activities. The companies have signed a binding
letter of intent ("LOI") to conduct field trials with a view to
entering into a commercial agreement during the first half of
2018.
Giulio Cesareo, Chief Executive Officer of Directa Plus, said:
"We are pleased to have entered into this collaboration with GSP SA
who will be evaluating and implementing Directa Plus technology in
their activities in the oil & gas industry. GSP SA owns ships,
offshore platforms and oil fields that represent several
interesting application areas with high potential for
Grafysorber(R) to be successfully used. This is another great
opportunity to demonstrate the effectiveness and efficiency of
Grafysorber(R) in the field. We look forward to successfully
completing the trial phase and to establishing a commercial
agreement."
Under the terms of the LOI, GSP SA will commence on-field trials
in early 2018 to explore multiple applications for Grafysorber(R)
across its range of activities in the oil & gas industry, which
includes offshore drilling and construction, shipping, engineering,
aviation, onshore facilities, logistics and catering. This will
involve testing the absorbent capabilities of Grafysorber(R) in
decontaminating hydrocarbons from seawater and in the treatment of
industrial water. The LOI also includes the potential purchase or
renting by GSP SA of the Company's Mobile Production Unit ("MPU")
for the on-site production of Grafysorber(R).
Grafysorber(R) has unique and proven oil adsorption capacity
that has been substantiated through extensive testing and
commercial trials. In July 2017, the Company and ENI S.p.A. jointly
presented the results of their successful testing of Grafysorber(R)
over the previous twelve months to the 6(th) International
Conference on Environmental Chemistry and Engineering in Rome.
Grafysorber(R)'s 3D structure, made by graphene sheets, acts as a
sponge to capture the hydrocarbons that contaminate the water. It
has been demonstrated to be at least five times more effective than
the technologies presently used for water decontamination,
adsorbing more than 100 times its own weight of oily pollutant.
Grafysorber(R) is also eco-sustainable: it is derived from a
natural raw material, graphite, and is produced in a chemical-free
process; the absorbed oil can be easily recovered to be recycled or
disposed of separately; and Grafysorber(R) is itself reusable and
recyclable.
Razvan Popescu, Chief Operating Officer of Directa Plus who will
be overseeing the on-field trials, commented: "Our customers in
Romania were among the first to test, and later use, our innovative
Grafysorber(R) materials for the treatment of ground water
contaminated with hydrocarbons and for the remediation of polluted
sites. We are delighted to offer the opportunity to take advantage
of this unique material to a company like GSP SA."
Gabriel Valentin Comanescu, President and CEO of GSP SA, added:
"Ever since our company's establishment, one of our main focuses
has been to conduct our business in an environmentally responsible
manner. That is why we are continuously looking to find the most
innovative and effective solutions and to integrate them in our
activities in the oil and gas industry. We trust this collaboration
for the evaluation of Grafysorber(R) will be a starting point to a
successful partnership with Directa Plus."
Enquiries
Directa Plus plc
--------------------------------------- ----------------
Giulio Cesareo, CEO
Marco Ferrari, CFO +39 02 36714458
--------------------------------------- ----------------
Cantor Fitzgerald Europe (Nominated
Adviser and Broker)
--------------------------------------- ----------------
Marc Milmo, David Foreman, Callum
Butterfield (Corporate Finance) +44 20 7894
Alex Pollen (Sales) 7000
--------------------------------------- ----------------
Luther Pendragon (Financial PR)
--------------------------------------- ----------------
Harry Chathli, Claire Norbury, Alexis +44 20 7618
Gore 9100
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About Directa Plus
Directa Plus is one of the largest producers and suppliers of
graphene-based products for use in consumer and industrial markets
worldwide. By incorporating Directa Plus' unique graphene blends,
identified by the G+ brand, its customers can enhance the
performance of their end products without significantly increasing
their cost. Directa Plus graphene-based products are natural,
chemical-free, sustainably produced and tailored to specific
customer requirements for commercial applications such as smart
textiles, tyres, composite materials and environmental
solutions.
Established in 2005, the Company has a patented technology
process and a scalable and exportable manufacturing model. It
produces graphene-based products at its own factory in Lomazzo,
Italy, and can set up additional production at customer locations
to reduce transport costs, waste and time-to-utilisation. Directa
Plus partners with customers to enable them to offer the
high-performance benefits of graphene in their own products.
This information is provided by RNS
The company news service from the London Stock Exchange
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