French oil residue recycling firm Ecoslops has signed a Memorandum of Understanding (MoU) with the Suez Canal Economic Zone to start a detailed feasibility study on recovering vessel oil residues and recycling the material to new fuel.
There is potential to recover more than 40,000 metric tonnes (mt) of oil residuals from vessels transiting the Suez Canal every year, says Ecoslops.
The Suez Canal records 18,000 passages and 7,000 ports of call at the facility every year while the port of Alexandria generates more than 5,000 calls a year, resulting in “significant potential for waste generation”.
The development is a continuation of a Letter of Intent signed in March 2017 with Egyptian General Petroleum Corporation subsidiary SSCO and the Suez Canal Economic Zone to explore the regulatory, technical, financial and commercial aspects of the project.
“This project aims to contribute to increasing the competitiveness of the Suez Canal and Egyptian ports by providing a collection and waste treatment service of the highest international standards, as well as providing ship owners with essential traceability on their hydrocarbon waste,” notes Ecoslops.
“The goal of both parties is to complete this study by the 3rd quarter of 2018.”
Published: 24 January, 2018
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.