Marine Link
Saturday, August 18, 2018

Ecoslops for Feasibility Study on Suez Canal

Maritime Activity Reports, Inc.

January 23, 2018

Photo:  Suez Canal Authority

Photo: Suez Canal Authority

 Ecoslops announces that it has made further progress in its project to expand in Egypt by signing a Memorandum of Understanding (MoU) with the Suez Canal Economic Zone for the development of a detailed feasibility study.

 
The potential for recovering oil residues transiting the Suez Canal is estimated at more than 40,000 tonnes per year, based on 18,000 passages and 7,000 ports of call. Egypt also has important world-class ports like Alexandria, generating more than 5,000 calls a year, which also have significant potential for waste generation.
 
Based on this, and in continuation with the Letter of Intent signed in March 2017 with SSCO, a subsidiary of Egyptian General Petroleum Corporation (EGPC), Ecoslops and the Suez Canal Economic Zone have decided to combine their efforts to conduct a study on the regulatory, technical, financial and commercial aspects of the project.
 
This project aims to contribute to increasing the competitiveness of the Suez Canal and Egyptian ports by providing a collection and waste treatment service of the highest international standards, as well as providing ship owners with essential traceability on their hydrocarbon waste.
 
The goal of both parties is to complete this study by the 3rd quarter of 2018.
 
This project benefits from the active support of the French government, through the granting of financial assistance to the study (FASEP), and the support of the Economical service of the french Ambassy in Cairo.
 
Maritime Reporter Magazine Cover Aug 2018 - The Shipyard Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News