Ecoslops produced its first recycled marine fuel products compliant to the ISO 8217 norm, at its industrial plant in Sines, the first commercial port in Portugal, inaugurated in June 2015.
Over the last six months, Ecoslops has been importing slops from Northern Europe, as North Refinery in Delfzijl, the Netherlands, went bankrupt and many German port facilities faced storage capacities, because of German companies’ disinterest in buying waste oil.
About 3,000 tons of imported slops and sludge collected from the oil terminal and from MSC in Sines, sourced the processing of 1,400 tons of fuel products for the marine market, being distillates (MDO), heavy fuel oil (IFO), and a residue of light bitumen for the roofing and isolation market. This development validates the company’s value proposition transforming oil residues from shipping into new recycled marine fuels for 98%.
“This is a landmark moment for Ecoslops, as we prove the commercial and sustainable viability of creating marine fuel products from slops,” said Ecoslops CEO Vincent Favier.
For ship owners and operators, it is highly cost effective, efficient and sustainable to dispose their waste oil, for which the disposal is strictly regulated, and have it turned into a reusable marine fuel. However, with today’s historically low oil prices, waste collectors are finding it increasingly difficult to sell unprocessed slops and many ports have no sufficient collection and storage infrastructure. “Our focus now is accelerating production at Sines by collecting more slops locally, by importing, and by developing our global infrastructure to capitalize on opportunities within the global slops market,” he added.
Besides this world’s first operational industrial installation designed to transform oil residues into marine fuel, Ecoslops also continues to develop its facilities in Ivory Coast and looks at opportunities in the Mediterranean and Northern Europe, reinforcing the company’s ambition to start up three more facilities by 2017.