Romanian oil recycling plant
Ecoslops, the recycled marine fuels from oil residues expert, is to conduct a feasibility study for the development of a new oil residue processing plant in the Romanian Port of Constanta.
The new project furthers Ecoslops’ objective of bringing three more facilities on line by 2017.
Vincent Favier, CEO of Ecoslops, said: “The proven operational efficiency of our first industrial plant in the Port of Sinès, which recycles over 98% of slops collected, and the subsequent sale of marine fuel and light bitumen products, validates our business model, and have given us the confidence and springboard to ramp up our expansion projects.”
Subject to a positive outcome of the feasibility study, Ecoslops and GSP will form a joint venture to implement the project, from building and managing the plant to selling its products.
The Port of Constanta, on the west coast of the Black Sea, is one of the main petroleum product distribution centres for Central and Eastern Europe, and is directly connected, via the Black Sea – Danube and Danube – Rhine major waterways, to the Port of Rotterdam, where GSP has an office.
The Petromidia Refinery, owned by KazMunayGas and Rompetrol, with an annual capacity of 5MT, is also located in the vicinity of the Port of Constanta. Once operational, this new plant could collect maritime transport oil residues from Bulgarian, Turkish, Ukrainian, Russian and Georgian ports.
This latest development follows the successful implementation of industrial production at Ecoslops’ plant in the Port of Sines, Portugal, and the first sale of marine fuel products and light bitumen.
Ecoslops continues to develop its facilities in the Ivory Coast, and is also pursuing discussions with major operators to scope other opportunities in the Mediterranean and Northern Europe.
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