Ecoslops granted agreement in principle to develop new recycling plant in the Ivory Coast
In the Ivory Coast, Ecoslops has received an agreement in principle from the Port of Abidjan to provide the company with land on which to establish a new oil residue recycling plant in the region. The Ivory Coast project follows the successful implementation of industrial production at Ecoslops’ first plant in the Port of Sinès, Portugal, which recycles over 98% of slops collected, as well as the first sale of marine fuel products and light bitumen. In December 2015, Ecoslops also signed a Letter of Intent to explore the feasibility of creating an oil residue recycling plant in the Romanian Port of Constanta, on the Black Sea. The company is continuing to pursue discussions with major operators to scope further opportunities in the Mediterranean and Northern Europe.
Ecoslops has developed a unique technology to transform oil residues from shipping (slops and sludge) into new recycled marine fuels.
The Abidjan Port Authority has granted Ecoslops with five hectares (ha) of land within the port boundaries. Ecoslops will now begin preliminary studies and analysis to evaluate the full financial and technical considerations of the project, and establishing relationships with local partners.
Vincent Favier, CEO of ECOSLOPS, says: “With the growth of the port and its position as the gateway to the subcontinent, developing a recycling plant in the region represents the best opportunity for Ecoslops to establish a strong foothold in West Africa. In conjunction with the recent signing of a Letter of Intent for the construction of a recycling plant in the Port of Constanta, Romania, this latest development works towards further meeting our objective to have three new projects signed by 2017, as highlighted in our IPO.”
Category: Fuels
