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ECOSLOPS signs supply contract with SOPREMA

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Hydrocarbon Engineering,

ECOSLOPS, a 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 billion turnover in 2015 with more than 6260 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.

Adapted from press release by Rosalie Starling

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