Graphene NanoChem, who last week announced a reverse acquisition of Platinum NanoChem, started trading on the London Stock Exchange today under the ticker GRPH. Graphene NanoChem offers one of the rare opportunities of investing in a graphene company directly on the stock market.
The company holds intellectual property for a process known as Catalyx – a method that extracts graphene from biogases such as methane. GRPH will initially focus on applying graphene in mixtures used for oil and gas exploitation. Graphene has been shown to make oil extraction fluids more efficient. Apparently the new company has already sealed contracts with customers such as Shell and Chevron.
Additionally, there was a news flash today that the company has completed placing raising £32.5 million before expenses.
The attraction of the new company is that Platinum NanoChem has an existing and developed network of customers for the other chemicals that it produces, and in particular oilfield chemicals, which should give a boost to its transition to graphene. Also, the niche market of using graphene for oil exploitation is not very densely populated at the moment, which puts GRPH in a unique position of advantage.
Company website: Platinum NanoChem