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Directa Plus pioneers graphene use as sector evolves

Snapshot

  • Italy-based firm floated on AIM in 2016
  • Incorporating graphene into textiles, pollution treatments, road surfaces and tyres
  • The "miracle material" is 200-times stronger than steel, transparent and can conduct heat and electricity
  • US billionaire Patrick Soon-Shiong has taken a 28.9% stake
Ski wear

Quick facts: Directa Plus PLC

Price: 75 GBX

AIM:DCTA
Market: AIM
Market Cap: £45.75 m
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What it does

Textiles

Directa Plus PLC (LON:DCTA) has signed deals with consumer brands Oakley and Bioracer, which used the company’s Graphene Plus (G+) to launch a cycling jersey in early July.

Alfredo Grassi, another customer, is one of Italy’s largest workwear suppliers while G+ will also be used to treat a range of jeans made by Arvind, one of India’s top textile groups. 

Transport, oil and gas

Directa is working with Marangoni – one of Italy’s leading re-tread companies – to produce better performing tyres for commercial buses and lorries.

The company believes the G+ compound will increase grip, durability and fuel efficiency as well as extend the life of a tyre.

Cycle tyre maker Vittoria was the first manufacturer to use Directa’s products, firstly in a carbon fibre wheel, and then in “intelligent” bicycle tyres.

Grafysorber 

In the oil and gas sector, the firm has joined forces with Italian firm Sartec to develop a commercial-scale industrial system using its graphene-based Grafysorber product for treating oil-contaminated produced water.

In July, Directa Plus landed a contract to treat and recover crude oil from producing wells onshore Europe.

The six-month, €150,000 contract is to supply services and the use of the company’s Grafysorber to treat several thousand cubic meters of sludges and by-products.

Directa Plus will provide a full service to the Grafysorber customer, an international oil and gas company, via a mobile treatment unit and it will operate the recovery process.

in September, Directa bought a majority stake in oil services partner, Romanian firm Setcar.

Total consideration for the deal is €4.1mln, with Directa Plus chipping in 51%, which is pro-rata to its stake once the acquisition completes.

It is buying Setcar jointly with GVC, a company whose owner supplies offshore oil rigs in Romania, Turkey, Greece and Mexico.

Composites: Road durability

Directa has published trial results from the world’s first road to be resurfaced with a supermodifier containing graphene.

Ecopave, which is based on Directa’s Graphene Plus graphene product, has been laid on a section of Rome’s Strada Provinciale Ardeatina.

Directa has developed Gipave/Ecopave with Iterchimica, an Italian-based maker of products that enhance asphalt performance.

In November, the pair announced a trial on a road in Oxfordshire, while in January a trial got underway at Rome’s Fiumicino airport.

Gipave will be tested for six months on the airport’s Alpha Alpha taxiway, which handles intercontinental aircraft such as Boeing 777s and Airbus A380s.

 

What the boss says: Giulio Cesareo, CEO

 "The Gipave trial at Fiumicino airport potentially opens a large new market for us. 

"Taxiways are high traffic, high-stress areas and we hope to demonstrate that the use of a graphene-based additive will improve performance, life and sustainability." 

Video

 

Inflexion points

  • Directa has been awarded US patent for its non-chemical graphene process
  • Company has confirmed Ecopave trial in UK
  • A solution for a new type of shoe sole is also being tested 
  • Billionaire Patrick Soon-Shiong has taken a 28.9% stake

 

Blue sky

Graphene establishes itself as a key component in many industries

Graysorber and Ecopave and G+ all used widely

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Watch

Directa Plus puts foot on the gas as commercial traction builds

Directa Plus PLC (LON:DCTA) CEO Giulio Cesareo speaks to Proactive London's Andrew Scott following the release of their 2018 results. The graphene product specialist more than doubled annual revenues as its commercial partnerships began generating orders. Total income in 2018 rose to...

on 17/4/19

3 min read