ECOSLOPS moves toward development of recycling plant in Ivory Coast

ECOSLOPS, a company that makes marine fuels and diluted bitumen from recycled maritime slops and sludges, is taking its first steps toward developing a recycling plant at Ivory Coast's Port of Abidjan.

An agreement in principle is in place providing for 5 hectares of land in the port area. Technical studies will now commence, and ECOSLOPS officials will begin seeking local partners.

“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, further reinforces the Company’s ambition, announced at the time of its IPO, to have three new projects signed by 2017," Vincent Favier, ECOSLOPS's chief executive officer, said. "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.”

For more information about the Ivory Coast project or any of ECOSLOPS's other programs, visit www.ecoslops.com.