Directa Plus (DCTA)

Sector:

Industrial Chemicals

Index:

FTSE AIM All-Share

18.70p
   
  • Change Today:
    -0.30p
  • 52 Week High: 74.50
  • 52 Week Low: 16.00
  • Currency: UK Pounds
  • Shares Issued: 66.06m
  • Volume: 30,905
  • Market Cap: £12.35m
  • RiskGrade: 472

Directa Plus launches pilot project for treating produced water

By Josh White

Date: Thursday 22 Jun 2023

LONDON (ShareCast) - (Sharecast News) - Graphene nanoplatelet technology specialist Directa Plus announced the start of a pilot project for a novel concept in produced water treatment on Thursday.
The AIM-traded firm said the project would use its 'Grafysorber' technology, and was being conducted through its subsidiary Setcar.

It said the showcase of the pioneering endeavour took place at Setcar's Braila location in Romania

Produced water refers to the water that is extracted alongside crude oil during the oil production process.

Currently, the water is disposed of without undergoing any treatment, but stricter industry regulations are driving the need for effective treatment solutions.

Directa Plus said it was aiming to address the challenge with its new development, which had the potential to tap into untapped markets within the company's environmental division.

The initiative aligned with Directa Plus' overarching strategy of adopting innovative technologies capable of decontaminating and conserving valuable resources such as water.

Directa Plus said the pilot project features a newly-established Romanian Grafysorber production unit, designed to offer a flexible, modular, transportable, and cost-effective solution for treating produced water.

Following successful tests involving the treatment of crude oil-containing emulsion from the upstream process using Grafysorber technology, which achieved a recovery of over 11,000 tonnes of crude oil with a purity exceeding 99% between 2021 and 2022, Directa Plus and Setcar had now developed a novel plant design for continuous flow produced water treatment.

The objective is to achieve a continuous flow rate of around 50 cubic meters per hour with hydrocarbon concentrations of up to 300 parts per million.

"Working with Setcar to test a new concept for produced water treatment using Grafysorber is another exciting step forward for Directa Plus as it offers the potential to open us to new market opportunities and is in line with our environmental strategy that aims to help our customers achieve their sustainability targets more easily, cheaply and at a faster rate," said founder and chief executive officer Giulio Cesareo.

"It is also a reflection of our continued investment to improve our performance and to broaden the range of potential applications for our Grafysorber technology, to limit the waste of precious commodities, in this case, water."

At 1449 BST, shares in Directa Plus were up 0.41% at 68.78p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Directa Plus Market Data

Currency UK Pounds
Share Price 18.70p
Change Today -0.30p
% Change -1.58 %
52 Week High 74.50
52 Week Low 16.00
Volume 30,905
Shares Issued 66.06m
Market Cap £12.35m
RiskGrade 472

Directa Plus Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.73% below the market average15.73% below the market average15.73% below the market average15.73% below the market average15.73% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Price Trend
91.82% below the market average91.82% below the market average91.82% below the market average91.82% below the market average91.82% below the market average
64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average
Income Not Available
Growth
40.87% above the market average40.87% above the market average40.87% above the market average40.87% above the market average40.87% above the market average
52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
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Directa Plus Dividends

No dividends found

Trades for 07-May-2024

Time Volume / Share Price
11:00 7 @ 19.00p
10:37 10,000 @ 18.68p
08:32 10,000 @ 18.68p
08:27 263 @ 19.00p
08:27 2 @ 19.00p

Directa Plus Key Personnel

CEO Giulio Giuseppe Cesareo
CFO Giorgio Bonfanti

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