Ecoslops Announces Its First Sales of Light Bitumen - Over 98% of Oil Residues Recycled and Upcycled

Regulatory News:

ECOSLOPS (Paris:ALESA) (ISIN: FR0011490648; Ticker: ALESA / PEA-PME eligible), an innovative technology company that transforms maritime transport oil residues (slops and sludges) into new recycled marine fuels, today announces its first sale of light bitumen.

Vincent Favier, CEO of Ecoslops, says: "Following our initial sale of marine fuel, the first sales of light bitumen shows our Sinès plant’s capacity to recycle and upcycle over 98% of the oil residue we collect and our ability to meet the requirements of our end clients. This latest step bodes well for our future sales development. This demonstration of our industrial efficiency illustrates the validity of our business model and further increases our confidence in our ability to soon establish new sites.”

First sale of light bitumen (XFO)

Ecoslops has just carried out its first sales of light bitumen (XFO), the heaviest cut of its production. The bitumen presents excellent technical characteristics for companies involved in waterproof and insulating cladding (building, construction). An approach that is specific to Ecoslops and its teams, with weeks of co-development, has helped adapt it to its clients’ requirements.

The market for bitumen is predominantly local to the company’s industrial plant in the Port of Sinès in Portugal, which should allow Ecoslops to find similar markets for future sites.

New ways to maximize oil residues value

This light bitumen replaces equivalent virgin products, which increases its appeal as a recycled product. This first step creates additional development routes and opportunities to maximize the value of this product, but also that of products from lighter cuts (light fuel, MDO, IFO).

Recycling and upcycling of almost all collected oil residues

Critically, Ecoslops is proving its ability to recycle and upcycle the majority all of the oil residues it collects (slops and sludges) either into marine fuel or into technical products for the building and construction markets.

Next press release: 2015 annual revenue, on February 8, 2016

Follow us on Twitter @Ecoslops.

About ECOSLOPS (http://www.ecoslops.com):
ECOSLOPS has developed a unique technology to transform oil residues from shipping (slops and sludges) into new recycled marine fuels. The Company’s ambition is to establish itself as major player in the treatment of marine hydrocarbon waste. The ECOSLOPS solution is based on a perfect knowledge of the processes of collection, treatment and recycling of slops and sludge. ECOSLOPS offers an economic and ecologic solution to port infrastructure, waste collectors and ship owners through industrial scale treatment unit they develop and operate. The first industrial unit is based in Sinès, first commercial port in Portugal.

ECOSLOPS is a public listed company on Alternext in Paris (ISIN: FR0011490648; Ticker: ALESA) and is PEA-PME eligible.

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