KUALA LUMPUR, March 29 (Bernama) -- Ecoslops has announced the signature of a first sales contract for its ‘Scarabox®’, a containerised unit for upcycling used lube oil and oil residues.
Following the signature of a letter of intent on June 24, last year, this contract was signed with the Cameroonian company Valtech Energy, which belongs to the SCIN group and headed by Ismaël NJoya, an established Cameroonian entrepreneur.
In 2020, Valtech Energy successfully opened a MARPOL maritime oil waste reception facility in the Kribi port area, Cameroon’s new deep-water port inaugurated in 2019.
According to a statement, the contract comprises turnkey equipment and an operating licence provided with eight years of technical support by Ecoslops.
Delivery of the unit is anticipated in October, with a start before year-end. This is subject to setting up financing arrangements with the SCIN group’s long-standing banks, which have shown a keen interest in the project.
With the effective launch of this new activity as a provider of circular solutions, Ecoslops stands by its mission: ‘to contribute to the energy transition and to preserve the environment through innovations that help to preserve natural resources and avoid pollution’.
The Scarabox® is set to expand rapidly in a potential global market of several hundred units - gathering particular momentum from 2022 on - and become a key activity of the Ecoslops group, alongside the building and operation of its own micro-refineries.
This new containerised solution draws on the experience acquired by the company and its teams at the Sines site in Portugal, where it has treated over 100,000 tonnes of oil residues since 2015.
More details at www.ecoslops.com.
-- BERNAMA
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