Ecoslops, the first company to develop technology to produce recycled marine fuels from marine oil residues (known as slops), has received an Agreement in Principle (AIP) from the Port of Abidjan in the Ivory Coast, to provide Ecoslops with land on which to construct a new recycling plant.
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, including having a strong focus on establishing local partnerships on both an industrial and financial basis.
This development comes following the success of Ecoslops’ first plant in the Port of Sinès, Portugal, which recycles over 98% of slops collected, and the more recent signing of 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.
Vincent Favier, CEO of ECOSLOPS, commented: “The authorities within the Ivory Coast, and the Port of Abidjan have shown significant interest in both our unique technology and expertise.
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.”
The company has stated that it is working towards completing signing for three new projects by 2017 and is continuing to pursue discussions with major operators to scope further opportunities in the Mediterranean and Northern Europe.
