Business
Collaboration with GSP SA on Grafysorber®
Collaboration with GSP SA on Grafysorber®.
About this update from Directa Plus Plc
[{"type":"text","content":"\n \nRNS Number : 3009Z Directa Plus PLC 14 December 2017 \n\n14 December 2017\n \nDirecta Plus plc\n(\"Directa Plus\" or the \"Company\")\n \nDirecta Plus and GSP SA collaborate to evaluate oil & gas applications for Grafysorber®\nSigned binding letter of intent to conduct field tests of graphene-based product for water decontamination in oil & gas industry \n \nDirecta 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®, 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.\n \nGiulio 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® to be successfully used. This is another great opportunity to demonstrate the effectiveness and efficiency of Grafysorber® in the field. We look forward to successfully completing the trial phase and to establishing a commercial agreement.\"\n \nUnder the terms of the LOI, GSP SA will commence on-field trials in early 2018 to explore multiple applications for Grafysorber® 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® 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 (\...