ECOSLOPS signs long-term supply contract with SOPREMA

Regulatory News:

ECOSLOPS (Paris:ALESA) (ISIN: FR0011490648; ticker: ALESA / PEA-PME eligible), an innovative technology company that upgrades ship-generated hydrocarbon residues (slops) into valuable distillates and light bitumen, has announced the signing of a long-term XFO (light bitumen) supply contract with SOPREMA. SOPREMA is the European leader in the bituminous membrane market for the isolation industry and had a 2.13 bn€ turnover in 2015 with more than 6,260 employees in 40 plants.

Commenting on the development, Vincent Favier, CEO, ECOSLOPS, said: "We have worked with SOPREMA since our first plant in the Port of Sinès opened, and the agreement of this contract marks a major step for ECOSLOPS. This partnership reflects not only the quality of our products, but also the trust that has been built between our companies. This contract will allow us to anticipate the volume and price of approximately 30% of our total sales for several years. In addition, the fuels produced have also found commercial opportunities with various traders and industrial companies.”

The light bitumen (XFO) is the heaviest cut of ECOSLOPS’ production. It has very good technical characteristics for the isolation industry (building, construction) and its market has the benefit of often being local.

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About ECOSLOPS (http://www.ecoslops.com): ECOSLOPS has developed and implemented a unique technology to upgrade maritime transport oil residues (slops and sludge) into new fuels and light bitumen. The solution proposed by ECOSLOPS is based on a unique micro-refining industrial process that transforms these residues into commercial products that meet international standards. ECOSLOPS offers an economical and ecological solution to port infrastructure, waste collectors and ship-owners through its processing plants. The first industrial unit is based in Sinès, Portugal’s largest commercial port.

ECOSLOPS is listed on Alternext in Paris (ISIN: FR0011490648; ticker: ALESA) and is PEA PME eligible.

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