ECOSLOPS Secures 5ha in Port of Abidjan : Marine Fuel Recycling Firm Signs Ivory Coast Land Deal

Marine fuel recycling firm, Ecoslops, has received an agreement in principle from the Port of Abidjan in Ivory Coast which secures land on which it can establish a new oil residue recycling plant in the region.

The company, which claimed to be the first to develop technology to produce recycled marine fuels from marine oil residues (‘slops’), said that The Abidjan Port Authority has granted it five hectares within the port boundaries.

Paris based Ecoslops said that it will now begin preliminary studies and analysis to evaluate the full financial and technical considerations of the project, and establishing relationships with local partners.

“The authorities within the Ivory Coast, and the Port of Abidjan have shown significant interest in both our unique technology and expertise,” explained Vincent Favier, CEO of ECOSLOPS.

“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,” he continued.

“As we look to develop the project, our focus is on establishing strong local partnerships on both an industrial and financial basis to ensure we maximise the value of the opportunity,” added Favier.

The company said that the Ivory Coast project follows the successful implementation of industrial production at its 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.

According to the CEO, 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 the company’s objective to have three new projects signed by 2017, as highlighted in its IPO.

The company added that it is continuing to pursue discussions with major operators to scope further opportunities in the Mediterranean and Northern Europe.

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