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Vincent Favier News

01 Apr 2019

Total Buys 25% Stake in Ecoslops

French multinational integrated oil and gas company Total S.A. has signed an agreement with Ecoslops S.A. that gives the oil major a 25% interest in its affiliate Ecoslops Provence.Ecoslops Provence is building a unit to regenerate oil residues at Total’s La Mède complex. The new facility is scheduled to come on stream in late 2019.Total is providing Ecoslops Provence with access to existing infrastructure and the services and utilities the unit needs to operate.“Thanks to our partnership with Total, we’ve been able to maximize the synergies between our activities and make our move into the Marseille region much simpler and less expensive…

10 May 2016

ECOSLOPS, SOPREMA Ink Supply Deal

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.

23 Feb 2016

Ecoslops Issues €5.5 Mln Bonds for Growth

Ecoslops, the first company to develop a technology to sustainably produce marine fuels from refined marine oil residues (‘slops’), has announced the successful issuance of ORNANE convertible bonds for the nominal value of €5.5 million. Following the commercial validation of its first micro-refining plant in the Port of Sinès, Portugal, the additional capital will be used to accelerate the development of new projects, while continuing to ramp up the initial operation to full capacity by the end of 2016. Vincent Favier, CEO, Ecoslops, said,  “Our micro-refinery in the Port of Sinès has shown its capability to transform 98% of hydrocarbon residue into marketable and certified products, exceeding expectations.

15 Dec 2015

Ecoslops to Implement Recycling Unit in the Romanian Port of Constanta

Ecoslops has signed a Letter of Intent (LOI) with Grup Servicii Petroliere (GSP), a leading offshore drilling and construction company, to conduct a feasibility study for the development of an oil residues processing plant in the Romanian Port of Constanta, on the Black Sea. Ecoslops is the first company to develop technology to produce recycled marine fuels from marine oil residues (slops). "The Port of Constanta is ideally located, and GSP is the ideal partner to collaborate with on the development of this significant project, given their wealth of industrial experience and in-depth knowledge of the region,” he added. Ecoslops has just signed a Letter of Intent with Grup Servicii Petroliere (GSP)…

08 Dec 2015

Ecoslops Announces First Sale of Light Bitumen

Ecoslops, the first company to develop technology to produce recycled marine fuels from marine oil residues (slops), has announced its first sale of light bitumen. Vincent Favier, CEO of Ecoslops, said:  “Following our initial sale of marine fuel, the first sale of light bitumen shows our plant in the Port of Sinès has the capacity to recycle and upcycle over 98 percent of the oil residue we collect, and our ability to meet the requirements of our end clients. This latest step bodes well for our future sales development. Ecoslops has just carried out its first sales of light bitumen (XFO), the heaviest cut of its production. The bitumen presents excellent technical characteristics for companies involved in waterproof and insulating cladding, such as the building and construction markets.

03 Dec 2015

Ecoslops Sells First Recycled Marine Fuel

Press release - Ecoslops, the first company to develop technology to produce recycled marine fuels from marine oil residues (‘slops’), has announced that it has sold its first volume of marine fuel, as well as importing a new shipment of slops to its refinery at the Port of Sinès in Portugal. Following the commencement of industrial production, Ecoslops sold 1,000 tonnes of Marine Diesel Oil (MDO), compliant with ISO 8217 standards, at market price, to a European bunker operator. After the initial import of a shipment of 3,200 tonnes of slops from Northern Europe, the company has also imported a second shipment of 3,000 tonnes, further ramping up its refinery operations.

24 Nov 2015

Ecoslops Produces First Marine Fuel Prodcuts

Photo: Ecoslops

Ecoslops' refinery in the Port of Sinès, Portugal, has commenced industrial production and delivered the first volume of marine fuel products compliant with ISO8217, validating the company’s commercial proposition, the company announced today. Ecoslops has also made two senior appointments, further developing its global infrastructure, including new facilities. In the third quarter of 2015, 3,200 metric tons of slops were imported from Northern Europe, in conjunction with slops collected in the port, mainly at the oil terminal and from MSC, the leading global container shipping company.