Oil recycling plant earmarked for development on site where Total also plans to build its first biorefinery
Ecoslops, the company behind innovative oil recycling technology that turns oil residues into marine fuel, has struck a deal with oil giant Total to build a new waste-processing unit in La Mède, near Marseille, France.
The French company said yesterday it has signed a memorandum of understanding with Total for the new unit. The two firms said they now plan to conduct a detailed study of the project before taking a final investment decision next year.
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Ecoslops has developed technology to take oil residues known as "slops" and upgrade them into fuels and light bitumen to be used in recycled marine diesel. It claims its technology reduces marine pollution by making it easier and cheaper for shipping firms to dispose of their maritime oil residues, while also providing a greener source of fuel for boats.
If it goes ahead, the site will be the firm's second oil recycling plant - the first site, in the port of Sinès in Portugal, started selling recycled fuel last year. It will form part of Total's regeneration of the La Mède site, where it plans to build a "world class" biorefinery turning vegetable oils into biodiesel.
"The success of our first unit in Portugal established Ecoslops as a technology leader," Ecoslops chief executive Vincent Favier said in a statement. "The large scale and significant traffic of the Port of Marseille convinced us that it was the right location for the settlement of our second unit. The viability of our project, as well as the findings of our shared research with Total, backed the common interest in setting up our micro-refinery in the La Mède location."
Meanwhile Francois Bourrasse, director of Total's La Mède site, said the deal reaffirms the appeal of the industrial area. "The construction of this oil residue regeneration unit strengthens the site's industrial redeployment," he said in a statement. "We look forward to our partnership with Ecoslops in this circular economy project."
In December last year, Ecoslops signed a letter of intent with offshore drilling company Grup Servicii Petroliere to develop a recycling plant in the Black Sea. The company plans to have three industrial plants up and running by 2017.
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