Ecoslops plans to establish new recycling plant in Romania 

December 20, 2015 |

In Romania, Ecoslops has signed a Letter of Intent with Grup Servicii Petroliere to conduct a feasibility study for the development of an oil residues processing plant in the Romanian Port of Constanta, on the Black Sea. The Port of Constanta, on the west coast of the Black Sea, is one of the main petroleum product distribution centers for Central and Eastern Europe, and is directly connected, via the Black Sea – Danube and Danube – Rhine major waterways, to the Port of Rotterdam, where GSP has an office.

The Petromidia Refinery, owned by KazMunayGas and Rompetrol, with an annual capacity of 5MT, is also located in the vicinity of the Port of Constanta. Once operational, this new plant could collect maritime transport oil residues from Bulgarian, Turkish, Ukrainian, Russian and Georgian ports.

This latest development follows the successful implementation of industrial production at Ecoslops’ plant in the Port of Sinès, Portugal, and the first sale of marine fuel products and light bitumen. It strengthens Ecoslops’ objective, announced at the time of its IPO, to bring three more facilities on line by 2017. Ecoslops continues to develop its facilities in the Ivory Coast, and is also pursuing discussions with major operators to scope other opportunities in the Mediterranean and Northern Europe.

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