EMEA News
Recycled Bunker Company Eyes WAF Plant
France-based Ecoslops, who produces bunkers form recycled slops, has announced in an emailed statement it has received an agreement in principle from the Ivory Coast's Port of Abidjan to provide the company with land on which to establish a new oil residue recycling plant in the region.
"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," said Ecoclops CEO Vincent Favier.
"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.
"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.”
Ecoslops says 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."
Last month Ecoslops announced it had completed its first sale of marine fuel, which it described the product as "MDO" that "complies with the technical characteristics of the ISO 8217 standard" but has so far not provided a fuel analysis report.
