EU Grant Award

RNS Number : 9266H

Directa Plus PLC

09 August 2021

 

9 August 2021

Directa Plus plc

("Directa Plus" or the "Company")

EU Grant Award to Setcar

Directa Plus (AIM: DCTA), a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, announces that its environmental services subsidiary, Setcar, has been awarded a grant for a project under the EU's Regional Operational Program. The total financed program is for €1.15m, of which €0.6m is non-refundable financing. The project has a duration of two years and commences on 21 August 2021.

The Regional Operational Program aims to improve the competitiveness of small and medium-sized enterprises by investing in the creation and expansion of advanced production capability and the development of services, leading to new job creation and increased competitiveness.

The project will fund the acquisition of additional equipment for Setcar to be used in the provision of decontamination services for oil and other substance tanks and the provision of services for the decontamination of soils contaminated with petroleum products/pollutants. 

The expanded services to be provided by Setcar will leverage the use of the unique Grafysorber® technology that was developed and patented by Directa Plus.  Grafysorber® technology is a graphene-based solution for treating water sludges and emulsions containing hydrocarbons. It is at least five times more effective than current technologies - adsorbing more than 100 times its own weight of oil-based pollutants. In addition, Grafysorber® is sustainably produced, non-flammable and reusable, with the adsorbed hydrocarbons recoverable.

Commenting on the grant, Giulio Cesareo, Founder and CEO of Directa Plus said: "I congratulate the team at Setcar for securing this grant which will fund new plant and machinery for the business.  This will enable Setcar to further expand its waste treatment and disposal services for hydrocarbon-based pollutants."

For further information please visit http://www.directa-plus.com/ or contact:

Directa Plus plc	[phone]
Giulio Cesareo, CEO Giorgio Bonfanti, CFO
Cenkos Securities plc (Nominated Adviser and Joint Broker)	[phone]
Neil McDonald Pete Lynch
Singer Capital (Joint Broker)	[phone]
Rick Thompson Phil Davies
Tavistock (Financial PR and IR)	[phone]
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), textiles (based on our G+® products) and, more recently, lithium-sulphur batteries.  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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