3rd Feb 2020 16:13
(Alliance News) - Directa Plus PLC on Monday said its subsidiary Setcar SA has signed a contract to supply environmental services to GSP Offshore, part of the Romanian oil services group GSP.
The producer and supplier of graphene nanoplatelets said this is the second major contract win for Setcar since the completion of the acquisition by Directa Plus of 51% at the end of November last year.
The value of this contract to Setcar is estimated to be EUR700,000 per annum over a period of seven years for a total value of EUR5 million, Directa Plus noted.
Under the deal, Setcar will provide a wide range of environmental services, both offshore and onshore, including the treatment of oil contaminated water and soil, residual drilling fluids treatment and the cleaning of oil storage tanks.
"This contract is an exciting win, demonstrating that Directa Plus is delivering on its strategy in our key environmental vertical. We are confident that we can continue to deliver on Setcar's promise in 2020," said Directa Plus Chief Executive Giulio Cesareo.
Directa Plus shares were trading 1.3% lower in London on Monday at 74.00 pence each.
By Evelina Grecenko; [email protected]
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