PRESS RELEASE

ECOSLOPS, SARA & E-COMPANIE SIGN A LETTER OF INTENT

FOR A MINI P2R UNIT IN MARTINIQUE

Paris, October 5, 2020

Ecoslops, SARA (subsidiary of Rubis group) and E-Compagnie (subsidiary of SEEN group) are pleased to announce the signing of a letter of intent for a Mini P2R in Martinique.

This agreement provides for the installation of a lube oil and marine oil residue treatment unit, its local integration, operator training and multi-year technical assistance.

This unit, designed and built by Ecoslops, will be located at the Raffinerie des Antilles and operated by SARA, with the assistance of E-Compagnie and Ecoslops. Residues will be collected and prepared beforehand by E-Companie. The partners plan a commissioning of the unit in the second half of 2021.

This innovative solution enables local recovery of hazardous waste according to the principles of the circular economy. It avoids their transport over very long maritime distances, thereby reducing the associated cost and CO2 emissions, and generates immediate economic benefits for the territory.

This agreement is the third of this type for Ecoslops after those signed with Aquaflore in Agadir in Morocco, and with Valtech Energy in Kribi in Cameroon.

Discover the Mini P2R principle in video

ABOUT SARA

SARA is at

the service of the development of the Antilles and Guyana to ensure

the

energy

independence

of

the French departments of America by guaranteeing

the

security

of supplies

of

petroleum products. A high-tech hub, it participates

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PRESS RELEASE

in the industrialization effort and local development for populations and regions. https://www.sara-antilles-guyane.com/

ABOUT ECOSLOPS

Ecoslops is listed on Euronext Growth in Paris (Ticker: ALESA).

Ecoslops is the cleantech that brings oil into circular economy thanks to an innovative technology allowing the company to upgrade oil residues into new fuels and light bitumen. https://www.ecoslops.com

ABOUT E-COMPAGNIE

Created in 1999, E-compagnie, a subsidiary of the SEEN Group based in Martinique, Guadeloupe and Saint-Martin, is one of the leaders in the environment and hazardous waste sector thanks to its recognized know-how in waste management hazardous, industrial cleaning, and sanitation. https://www.ecompagnie-martinique.fr/

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Ecoslops SA published this content on 06 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2020 17:04:07 UTC