Egypt: Memorandum of Understanding for detailed feasibility study
Ecoslops has signed a Memorandum of Understanding with the Suez Canal Economic Zone to develop a detailed feasibility study.
The study should assess the technical, regulatory, financial and commercial features of the project and should be completed by Q3 18.
The company estimates the potential for recovering oil residues across the Suez Canal at >40,000 tonnes per year.
Moreover, Egypt has other large ports, like Alexandria, with a significant potential for waste recycling.
This plant would improve the competitiveness of the Suez Canal and the Egyptian ports. Egyptian authorities seek to enhance the services proposition of their infrastructure: in this backdrop, Ecoslops would help to improve its attractiveness.
The French government has granted financial support to the study.
Our model integrates the development of a project in the emerging markets in the medium term.
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