New Ecoslops recycling plant at Port of Abidjan
Ecoslops has announced that it has received an Agreement in Principle from the Port of Abidjan for land to construct a new recycling plant.
The technology company that recycles maritime transport oil residues into marine fuels received a Letter from the Port of Abidjan granting it five hectares of land within the port area.
Vincent Favier, CEO of Ecoslops, said: “Following the signing of a Letter of Intent to explore the feasibility of constructing an oil residue recycling plant in the port of Constanta, this latest agreement with the port of Abidjan, which will provide Ecoslops with land to build a new plant.”
“This further reinforces the Company’s ambition, announced at the time of its IPO, to have three new projects signed by 2017.”
Ecoslops will now be able to undertake the necessary financial and technical studies relative to the establishing of a recycling plant and will begin the search for local partners.
Mr Favier added: “The Ivorian authorities and the Autonomous Port of Abidjan have been interested in our know-how since the outset, and this site represents our best opportunity to establish a presence on Africa’s west coast given this port’s size and buoyant growth.”
“In order to make the most of this project’s potential, we intend to form partnerships with local industrial and financial players,” he concluded.
The project follow the successful demonstration of the company’s Portuguese industrial tool in Sines, which recycles over 98% of the oil residues collected.
As well as the signing of a Letter of Intent to explore the feasibility of constructing a recycling plant in the Romanian port of Constanta, on the Black Sea.
Building on these initial successes, Ecoslops said it is pursuing discussions with major port operators to scope further opportunities in the Mediterranean and Northern Europe.
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