Ecoslops Announces Its First Sale of Marine Fuel and the Importing of a Second Shipment of Oil Residue

• First sale of 1,000 tons of marine fuel (MDO – Marine Diesel Oil)
• Importing of a second shipment, of 3,000 tons, of slops (oil residue)
• Confirmation that the Sines industrial tool is operating well

PARIS--(BUSINESS WIRE)-- 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 marine fuel and the importing of a new shipment of slops.

Vincent Favier, CEO of Ecoslops, states: “This first sale of marine fuel obtained from the recycling of oil residue and the importing of a second shipment, of 3,000 tons, of slops prove that our Sines industrial tool is operating well and show the pertinence of our business model based on the recycling of oil residue from shipping. It is also the materialization of the efforts undertaken in recent months that have proved that our first plant is capable of producing substantial volumes of high-quality fuel as demanded by our end clients. Our confidence has been further increased by these elements, and our search for new sites has thus immediately been stepped up.”

First sale of 1,000 tons of marine fuel (MDO)

Ecoslops has just carried out its first sale of marine fuel (MDO). This is a shipment of 1,000 tons purchased by a European operator specializing in maritime bunkers. The MDO produced in Sines complies with the technical characteristics of the ISO 8217 standard.

Importing of a second shipment, of 3,000 tons, of slops

Following the first import of a shipment of 3,200 tons of slops from Northern Europe, the Company has just imported a second shipment, of 3,000 tons, thus materializing the ramping up of its industrial tool.

Confirmation that the Sines industrial tool in Portugal is operating well

Following its official inauguration at the end of June and a phase involving tests, product qualification and the finalization of the training of local teams, the Sines processing plant began the industrial production of the first marine fuel from recycled oil residue. The Sines site can process close to 30,000 tons of oil residue a year.

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 Sines, first commercial port in Portugal.

ECOSLOPS is a public listed company on Alternext in Paris (ISIN: FR0011490648; Ticker: ALESA).

View source version on businesswire.com: http://www.businesswire.com/news/home/20151129005011/en/

Ecoslops
Laurent Chatin, +33 (0)1 83 64 47 43
Chief Financial Officer
[email protected]
or
NewCap
Investor relations
Marc Willaume, +33 (0)1 44 71 00 13
[email protected]

Source: ECOSLOPS

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