Report

Egypt: Memorandum of Understanding for detailed feasibility study

Egypt: Memorandum of Understanding for detailed feasibility study

LATEST

FACT

Ecoslops has signed a Memorandum of Understanding with the Suez Canal Economic Zone to develop a detailed feasibility study.


ANALYSIS

The study should assess the technical, regulatory, financial and commercial features of the project and should be completed by Q3 18.
The company estimates the potential for recovering oil residues across the Suez Canal at >40,000 tonnes per year.
Moreover, Egypt has other large ports, like Alexandria, with a significant potential for waste recycling.
This plant would improve the competitiveness of the Suez Canal and the Egyptian ports. Egyptian authorities seek to enhance the services proposition of their infrastructure: in this backdrop, Ecoslops would help to improve its attractiveness.
The French government has granted financial support to the study.


IMPACT

Our model integrates the development of a project in the emerging markets in the medium term.
Underlying
Ecoslops SA

Ecoslops SA. Ecoslops SA is a France-based company principally engaged in the converting pertroleum residues from shipping (slops and sludge) in new marine fuels recycled. The Company offers seaports, residues collectors, ship-owners and bunker suppliers with a technology to recycle oily waste of ships. Ecoslops SA is active in promoting the development of the P2R unit by its incorporation in a more global plant: Oil Waste Processing Plant (OW2P). The OW2P technology combines a refining petroleum process (P2R) with appropriate clean water. The Company recycles the waste in order to be used in electricity production and steam production among others. The Company's fuel production is located in the port of Sines, Portugal.

Provider
AlphaValue Corporate Services
AlphaValue Corporate Services

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Analysts
Marzio Foa

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