Ecoslops signs deal with Total

Vincent Favier, CEO of ECOSLOPS, said: “This first full half-year of activity on our Sinès site has fully backed our business plan, validated our P2R technology, and our ability to be profitable when the plant’s production reaches 30,000 tons a year, even in an environment of depressed oil prices.”

“The recent signing of a memorandum of understanding with Total to establish a plant in Marseille further strengthens these conclusions and, continuing the development of our other projects, we can reiterate our objective of signing three new project deals by the end of 2017.”

The aim of this new unit will be to process slops unloaded in the nearby port of Marseille and neighbouring ports. It will benefit from the numerous services already available on the Mède site (water treatment, steam, electricity, natural gas, etc.).

In addition to this new agreement with Total, Ecoslops has continued to develop other projects. Northern Europe, in particular, is establishing itself as a major strategic route for Ecoslops, given the inability of traditional outlets to manage the slops unloaded in these ports, which are the largest in Europe.

Based on this, Ecoslops is reiterating its objective of signing deals for three new sites by the end of 2017.

The firm has just announced its results for the first half of the year to 30 June 30 2016 which reveal that the firm recorded a substantial 70% increase in operating income compared with the same period last year.

Over the first half of the year, Ecoslops produced close to 6,000 metric tonnes, with monthly production gradually increasing from 500 tonnes to almost 2,000 tonnes.