Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Update on Senawang Facility

18th Dec 2013 07:00

RNS Number : 7794V
Graphene NanoChem PLC
18 December 2013
 

 

18 December 2013

Graphene NanoChem plc

("Graphene NanoChem" or the "Group")

Update on Senawang Facility

Graphene NanoChem (AIM: GRPH), the performance nanochemicals and advanced materials company, is pleased to announce an update on the expansion of its Senawang Chemical Facility from which it produces its second generation biofuels and speciality chemicals targeting the oilfield services market.

The expansion of the Senawang Chemicals Facility near Kuala Lumpur progressed to plan and recommissioning of the facility will commence on 23 December 2013, with production on target to restart on 1 February 2014.

The upgrade of the Senawang facility will increase the production capacity of speciality chemicals to 120,000 tonnes per annum, whilst also improving efficiency both in the production and in the processing of feedstock. In turn, this will reduce the overall operating cost at the facility thereby increasing margins.

 Jespal Deol, Chief Executive Officer of Graphene NanoChem, commented: "We are very pleased to announce the completion of the expansion of the Senawang Facility. This will enable us to meet the increase in demand for our products in 2014 and beyond and we look forward to start the new year with expanded capability."

 

For further information:

Graphene NanoChem

Tel: +603 2282 3080

Jespal Deol, Chief Executive Officer

Panmure Gordon (NOMAD and Broker)

Callum Stewart / Atholl Tweedie

Tel: +44 (0) 20 7886 2500

Tom Nicholson

Tel: +65 8614 7553

Buchanan

Tel: +44 (0) 20 7466 5000

Mark Edwards / Fiona Henson / Helen Greenwood

 

 

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

Related Shares:

Graphene Nanochem
FTSE 100 Latest
Value8,275.66
Change0.00