French oil residue recycling firm Ecoslops on Tuesday (29 January) said it plans to start the deployment of a collection vessel as well as construction of a reception and treatment facility at East Port Saïd upon completion of a feasibility study later in late 2019.
The company, together with the Suez Canal Economic Zone, in January 2018 started a technical study to develop a financial plan for future operations at Port Said.
“This step achieved, project’s implementation may start at the end of year,” it says.
“This agreement already includes the possibility for Ecoslops to also establish in Suez, at the South end of the Canal, according to the same principle.
“Once the volumes of collected and treated oil wastes will be sufficient, an Ecoslops’ P2R micro-refinery unit may be deployed and operated for their valorisation.”
Ecoslops estimates the recovery potential of the oil wastes transiting through the Suez Canal to be more than 40,000 tons per year, on the basis of 18,000 canal transits and 7,000 port calls.
“This project aims to contribute to strengthening the competitiveness of the Suez Canal and of the Egyptian Ports through the provision of a world-class and comprehensive collection, reception and treatment service and through delivery to shipowners of quality of service and traceability indispensable to the management of their oil wastes,” it says.
“This project benefits from the active support of the French government, through the granting of financial assistance to the study (FASEP).”
Published: 30 January, 2019
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