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Ecoslops receives EIB financing

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Hydrocarbon Engineering,

Ecoslops has announced that the European Investment Bank (EIB) has agreed up to €18 million in financing for its Marseille and Antwerp projects, as well as for corporate R&D needs.

Such financing will allow the company to dedicate its current corporate resources (more than €7 million at the end of 2018) to the projects that will follow Marseilles and Antwerp.

Vincent Favier, CEO of Ecoslops said: "Ecoslops is proud to be able to count on the EIB and its teams to support it in its European development. We welcome the recognition by a major European Union institution of the environmental excellence of the Ecoslops solution which sets up a virtuous circular economy model in the context of energy transition. Ecoslops promotes a lower consumption of primary fossil energy and reduces CO2 emissions through the reuse of available hydrocarbon waste. Ecoslops' financial situation is therefore stronger - this will enable us to pursue our plans of growth in order to remain world leaders in our markets. Concomitantly, Ecoslops is also honored to be selected in the ranking of Les Échos 'Champions of Growth 2019'."

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