ECOSLOPS, SOPREMA Ink Supply Deal

Maritime Activity Reports, Inc.

May 10, 2016

Ecoslops features innovative technology to convert petroleum residues of maritime origin in new marine fuels in accordance with ISO 8217. Photo Ecoslops

Ecoslops features innovative technology to convert petroleum residues of maritime origin in new marine fuels in accordance with ISO 8217. Photo Ecoslops

ECOSLOPS an innovative technology company that upgrades ship-generated hydrocarbon residues (slops) into valuable distillates and light bitumen, has announced the signing of a long-term XFO (light bitumen) supply contract with SOPREMA. SOPREMA is the European leader in the bituminous membrane market for the isolation industry and had a 2.13 bn€ turnover in 2015 with more than 6,260 employees in 40 plants.

Commenting on the development, Vincent Favier, CEO, ECOSLOPS, said,  "We have worked with SOPREMA since our first plant in the Port of Sinès opened, and the agreement of this contract marks a major step for ECOSLOPS. This partnership reflects not only the quality of our products, but also the trust that has been built between our companies. This contract will allow us to anticipate the volume and price of approximately 30% of our total sales for several years. In addition, the fuels produced have also found commercial opportunities with various traders and industrial companies.”
 
The light bitumen (XFO) is the heaviest cut of ECOSLOPS’ production. It has very good technical characteristics for the isolation industry (building, construction) and its market has the benefit of often being local. 

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