Reactivation of Decontamination Contract

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of the soil and subsoil; bringing the concentrations of pollutants to the remediation thresholds from which they no longer represent a health risk for the population and the environment.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	[phone]
Giulio Cesareo, CEO Giorgio Bonfanti, CFO
Cenkos Securities plc (Nominated Adviser and Joint Broker)	[phone]
Neil McDonald Adam Rae
Singer Capital Markets (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) 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.

-ends-

 

END

 

 

MSCDGBDGGGGDGBL