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Ecoslops inks agreement with Galp

Published by , Senior Editor
Hydrocarbon Engineering,

Ecoslops and Galp have signed and performed a supply agreement under which Galp will purchase the refined cut produced by Ecoslops at market price at its refinery at Sines, Portugal.

Ecoslops has built a dedicated pipeline connection between its tanks and the Galp crude oil pipeline.

The agreement is scheduled to last until the end of 2020.

Vincent Favier, Chairman and CEO of Ecoslops, said: “It is a great pleasure to enter this agreement with Galp for many reasons. Firstly, it provides further concrete evidence that our products achieve the best possible standards. It also demonstrates that our circular economy model works perfectly, as part of the light product sold to Galp is produced by slops generated by the tankers that are regularly calling at Sines for the Galp refinery. Finally, I would like to thank Galp for their trust and the partnership spirit that has driven our discussion since the start.”

José Carlos Silva, COO Trading & Refining of Galp, added: “This first delivery is the result of a vision, after Ecoslops and Galp agreed in 2013 to establish a partnership to address the recycling of vessel’s slops and represents a clear step towards sustainability, one of Galp Values, placing Sines harbour in a unique innovative position.”

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Downstream news Oil refinery news