Ecoslops, a French technology company that transforms maritime transport oil residues (slops and sludges) into new recycled marine fuels, has completed its first sale of marine fuel and the importing of a new shipment of slops.
“This first sale of marine fuel obtained from the recycling of oil residue and the importing of a second shipment, of 3,000 tons, of slops prove that our Sines industrial tool is operating well and show the pertinence of our business model based on the recycling of oil residue from shipping,” says Vincent Favier, CEO of Ecoslops .
“It is also the materialization of the efforts undertaken in recent months that have proved that our first plant is capable of producing substantial volumes of high-quality fuel as demanded by our end clients. Our confidence has been further increased by these elements, and our search for new sites has thus immediately been stepped up.”
The first sale of marine fuel (MDO) comprises of a shipment of 1,000 tons purchased by an unnammed European operator specializing in maritime bunkers. The MDO produced in Sines complies with the technical characteristics of the ISO 8217 standard.
Following the first import of a shipment of 3,200 tons of slops from Northern Europe, Ecoslops said that it has just imported a second shipment, of 3,000 tons, thus materializing the ramping up of its industrial tool.
After its official inauguration at the end of June and a phase involving tests, product qualification and the finalization of the training of local teams, the Sines processing plant began the industrial production of the first marine fuel from recycled oil residue. The Sines site can process close to 30,000 tons of oil residue a year.