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Directa Plus PLC - London-based producer of graphene nanoplatelets-based products for consumer and industrial use - Its contract with OMV Petrom SA has been extended to June and increased to EUR410,000 from EUR150,000. Says the contract relates to oil recovery from existing high-volume emulsions stored in the OMV Petrom tank farms in Romania. Notes the extension has been agreed due to positive results to date of Directa Plus's Grafysorber technology.
"This extension to our contract is a further demonstration of the potential of Directa's technology to capture decontamination and recovery business from the oil and gas industry worldwide. The OMV Petrom contract gives us an important reference project to help with the further roll-out of Setcar's services based on our patented Grafysorber graphene-based technology," says Chief Executive Giulio Cesareo.
Current stock price: 89.38 pence
Year-to-date change: up 10%
By Zoe Wickens; zoewickens@alliancenews.com
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