StockMarketWire.com – Graphene NanoChem subsidiary Platinum NanoChem Sdn Bhd 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.
The tier 1 oil and gas customer has agreed to double the purchase of PlatClear in 2014.
Graphene NanoChem chief executive Jespal Deol said: “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.”
At 8:11am: [LON:GRPH] share price was +2p at 136.5p
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