Ecoslops S.A. announced the signature of a first sales contract for its Mini P2R (“Scarabox®”), a containerized unit for upcycling used lube oil and oil residues. Following the signature of a letter of intent on June 24, 2020, this contract was signed with the Cameroonian company Valtech Energy, which belongs to the SCIN group (with over 400 employees in the construction, transport, and environment sectors) and headed by Ismaël NJoya, an established Cameroonian entrepreneur. In 2020, Valtech Energy successfully opened a MARPOL maritime oil waste reception facility in the Kribi port area, Cameroon’s new deep-water port inaugurated in 2019. Valtech Energy sees the opportunity to improve its waste treatment capacity and intensify its production of energy products, due to Ecoslops’ circular economy solution, as a logical development. The contract value, close to 5 million euros, comprises turnkey equipment (For 4 million euros, billable in 2021) and an operating license provided with eight years of technical support by Ecoslops (billed annually). Delivery of the unit is anticipated in October 2021, with a start before the end of the year. This is subject to setting up financing arrangements with the SCIN group’s long-standing banks, which have shown a keen interest in the project.