Ecoslops and Galp giving a new life to oil residues
SINES — Ecoslops, a technology company that regenerates ship-generated hydrocarbon residues (or slops) into valuable new fuels and light bitumen, announced the implementation of a long-term agreement with Galp for the supply of refined cut to the Sines Refinery of Galp.
ECOSLOPS and Galp have signed and performed a supply agreement under which Galp will purchase the refined cut produced by Ecoslops at market price at its refinery at Sines.
In order to deliver to Galp refinery, ECOSLOPS has built a dedicated pipeline connection between its tanks and the Galp crude oil pipeline. The first deliveries to Galp took place on August, achieving a combined volume of 1,200 t. This agreement, scheduled to last until the end of 2020, benefits both parties through the avoidance of logistics costs.
Annual volume will fluctuate according to ECOSLOPS feedstock, being estimated at this stage to 10,000 tpy can be delivered
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