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Contract Volume Doubled

22nd Apr 2013 07:00

RNS Number : 8619C
Graphene NanoChem PLC
22 April 2013
 

 

Graphene NanoChem plc

("Graphene NanoChem" or the "Company")

Contract Volume Doubled

 

22 April 2013

Graphene NanoChem, the nanotechnology and advanced materials company, is pleased to announce that, Platinum NanoChem Sdn Bhd, its wholly-owned subsidiary, has entered into a new agreement with its tier 1 oil and gas customer for the increase in supply of its PlatClear second generation biofuel into the European market for 2014. Pursuant to the agreement, the tier 1 oil and gas customer has agreed to double the purchase of PlatClear in 2014.

 

Jespal Deol, Chief Executive Officer of Graphene NanoChem commented: "This contract with a tier 1 major oil and gas company is testament both to the economic and environmental advantages of Graphene NanoChem's waste-based speciality chemicals and to the new strength of the Company's balance sheet. We look forward to updating the market with further positive developments in the near term."

 

For further information:

Graphene NanoChem

Jespal Deol, Chief Executive Officer

Tel: +603 2282 3080

Panmure Gordon (NOMAD and Broker)

Callum Stewart/Hannah Woodley

Tom Nicholson

 

 

Tel: +44(0) 20 7886 2500

Tel: +65 8614 7553

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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