Technology company Ecoslops, which uses hydrocarbon residues from ships and turns them into fuels and light bitumen, has signed a letter of intent with a subsidiary of Egyptian General Petroleum Corporation.
- A feasibility study will be carried out to look into the creation of an oil residue collection and recycling plant in the Suez Canal.
- Slops collection and recovery services will be identified and the potential for installation and use by ships passing through the Suez Canal will be explored.
- Ecoslops will oversee the management of the project, which Egyptian authorities hope will lead to the provision of increased services for ships through the canal.
Read more about the feasibility study on the press release.
Fathom-News
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