REG - Directa Plus PLC - Reactivation of Decontamination Contract

Directa PlusAnnouncement

07/10/2021 07:05

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 €900,000.
 
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of the soil and subsoil; bringing the concentrations of pollutants to the remediation thresholds from which they no longer represent a health risk for the population and the environment.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® product) and textiles (based on our G+® products).  In addition, we will continue to pursue opportunities in elastomers and composites (including tyres and asphalt), also using our G+® products.  All our products are hypoallergenic, non-toxic and sustainably produced.
 
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