Wed 2 Dec 2015, 10:25 GMT

Ecoslops sells first volume of marine fuel


1,000 tonnes of MDO sold back into the market and a further 3,000 tonnes of slops imported to Portugal.



Ecoslops, the first company to develop technology to produce recycled marine fuels from marine oil residues (also known as '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 says it 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 confirmed that it imported a second shipment of 3,000 tonnes, further ramping up its refinery operations.

Commenting on the development, Vincent Favier, CEO, Ecoslops, said: "This first sale of MDO from recycled slops and the importing of a second shipment of 3,000 tonnes proves that our Sinès industrial operation is working well and highlights the validity and sustainability of our business model. Fundamentally, we have shown that we can produce substantial volumes of high quality fuel oil, as demanded by our customers. Based on this success, we will be stepping up our programme of developing new sites."

Following its official inauguration at the end of June 2015 and a phase involving tests, product qualification and the finalisation of the training of local teams, the Sinès processing plant began the industrial production of the first marine fuel from recycled oil residue.

The Sinès site can process close to 30,000 tons of slops a year.


Castrol Logo. BP to sell 65% stake in Castrol to Stonepeak for $10bn enterprise value  

Deal brings BP's divestment programme to $11bn, with proceeds earmarked for debt reduction.

Clippership 24-metre class autonomous wind-powered vessel. RINA approves design for Clippership's 24-metre autonomous wind-powered cargo vessel  

Classification society to supervise construction of zero-emission ship featuring twin rigid wings for transatlantic operations.

CMA CGM Antigone vessel. Bureau Veritas classes first methanol dual-fuel boxship as CMA CGM takes delivery  

The 15,000-teu CMA CGM Antigone was built by CSSC Jiangnan Shipyard in China.

AiP award ceremony for floating nuclear plant design. Samsung Heavy Industries' floating nuclear plant design wins ABS approval  

Concept features twin KAERI small modular reactors and a compartmentalised layout to support offshore nuclear power generation.

Claire-Celine Bausager Jørgensen, Dan-Bunkering. Dan-Bunkering Europe appoints Claire-Celine Bausager Jørgensen as senior fuel supplier  

Jørgensen returns to bunker trading after several years in the company's HR department.

CMA CGM Tivoli vessel. DHL and CMA CGM partner on 8,990-tonne biofuel purchase for ocean freight decarbonisation  

Logistics and shipping firms to use UCOME biofuel, targeting 25,000-tonne CO2e reduction.

FincoEnergies Logo. Glencore to acquire majority stake in Dutch marine fuel supplier FincoEnergies  

Transaction expected to complete in Q2 2026, subject to EU anti-trust approval.

CMA CGM Eugenie naming ceremony. CMA CGM names 15,000-teu methanol-fuelled containership CMA CGM Eugenie  

Vessel to operate on Phoenician Express service linking Asia, Middle East, and Mediterranean.

Christian Larsen, Island Oil. Island Oil appoints Christian Larsen as senior trader in Denmark expansion  

Marine fuel supplier establishes operations in Denmark as part of expansion strategy.

HIF Global and Government of Uruguay MoU signing. HIF Global signs Uruguay agreement to advance US$5.3bn e-fuels facility in Paysandú  

Memorandum sets roadmap for final investment decision on plant targeting 880,000 tonnes annual production.