Ecoslops announced its agreement with Mercuria Energy Group. Ecoslops and Mercuria will work jointly on a feasibility study for developing collection and recycling port infrastructure (Marpol Annex I) in the Middle East and South East Asia regions that would meet the highest standards of service and compliance using technology. Those strategic locations comprise some of the trading and storage hubs representing large volume opportunities for developing a comprehensive marine service offer around the recycling of marine waste oil. The two parties believe this partnership presents substantial prospects for value realization based on investments in MARPOL-compliant port reception facilities, including a treatment facility, in a context where increasingly stricter local and international regulations are being considered and market rationalization required to reinforce international framework for the preservation of the marine environment. Within the partnership, Mercuria will not only bring the strength of its commercial set-up in those regions but also the expertise and logistics assets of its subsidiary Minerva Bunkering, a global leader in marine fuel services.