Ecoslops announces strategic partnership with Mercuria Energy Group
October 19 2021 - 1:59AM
Ecoslops announces strategic partnership with Mercuria Energy Group
Paris, October 19th, 2021
Ecoslops, the cleantech that brings oil into the
circular economy, is pleased to announce its agreement with
Mercuria Energy Group, one of the largest global independent energy
traders with a presence in 50 countries and more than US$100
billion of revenue.
Ecoslops and Mercuria will work jointly on a
feasibility study for developing collection and recycling port
infrastructure (Marpol Annex I) in the Middle East and South East
Asia regions that would meet the highest standards of service and
compliance using state-of-the-art technology.
Those strategic locations comprise some of the
world’s largest trading and storage hubs representing large volume
opportunities for developing a comprehensive marine service offer
around the recycling of marine waste oil.
The two parties believe this partnership
presents substantial prospects for value realization based on
investments in MARPOL-compliant port reception facilities,
including a treatment facility, in a context where increasingly
stricter local and international regulations are being considered
and market rationalization required to reinforce international
framework for the preservation of the marine environment.
Within the partnership, Mercuria will not
only bring the strength of its commercial set-up in those regions
but also the expertise and logistics assets of its subsidiary
Minerva Bunkering, a global leader in marine fuel services.
ABOUT ECOSLOPSEcoslops
is listed on Euronext Growth in Paris Code
ISIN : FR0011490648 - Ticker : ALESA / PEA-PME
eligible Investor Relations :
info.esa@ecoslops.com - 01 83 64 47 43Ecoslops brings oil
into circular economy thanks to an innovative technology allowing
the company to upgrade oil residues into new fuels and light
bitumen. The solution proposed by Ecoslops is based on a unique
micro-refining industrial process that transforms these residues
into commercial products that meet international standards.
Ecoslops offers an economic and more ecological solution to port
infrastructure, waste collectors and ship-owners through its
processing plants. www.ecoslops.com
- PRoct19-2021_Ecoslops_Partnership_Mercuria
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