Directa Plus recently stated that its subsidiary had secured an extension to its original framework agreement with OMV Petrom, which has been going on for several years and has generated over €1.0 million in revenues to date.
The AIM-listed company said the scope of the new agreement includes the treatment of up to 40,000m³ of sludge/emulsion, and up to 25,000m³ of water, as well as the supply of adsorbent barriers and pillows for containment and absorption.
Directa Plus noted that in addition to supporting its 2025 revenue visibility and operational scaling in the oil and gas vertical, the agreement had also further strengthened its position in the Eastern European environmental services market, reaffirming its strategic relationship with "a major energy operator in the region".
Chief executive Giulio Cesareo said: "This contract extension reaffirms the strong relationship Directa Plus has with longstanding clients, underpinning its credibility to deliver for major clients, evidenced by OMV Petrom's continued engagement and repeat business.
"The strong interest and continued adoption of our Grafysorber technology underlines both the value of our solutions and the strength of demand in the region."
