Directa Plus subsidiary secures new €1.5m contract win
By Iain Gilbert
Date: Monday 10 Feb 2025
(Sharecast News) - Graphene nanoplatelets-based products manufacturer Directa Plus said on Monday that its environmental subsidiary has secured a new €1.5m contract win with Midia International.
Directa Plus said its Sectar subsidiary had secured an initial agreement with Midia International to provide tank cleaning and waste disposal services as part of an offshore drilling campaign in the Black Sea.
The AIM-listed group stated the drilling campaign was scheduled to be completed in the second half of 2025, with the project set to involve the use of its proprietary Grafysorber technology to treat the contaminated water.
Directa Plus also revealed Setcar has renewed its contract with Romanian automotive outfit Ford Otosan for the sixth time, for roughly €1.1m. It will continue to deliver waste management services, including disposal, transportation, treatment, recycling, equipment, and personnel.
Chief executive Giulio Cesareo said: "We are seeing traction build in Environmental contracts, with both new and long-standing clients. These contract wins are testament to the value delivered by Setcar's innovative solutions and the group's growing pipeline of opportunities."
As of 1140 GMT, Directa Plus shares had surged 16.67% to 7.0p.
Reporting by Iain Gilbert at Sharecast.com
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