Ecoslops announced the implementation of a long term agreement with Galp for the supply of refined cut to the Sines Refinery of Galp. Under the agreement, Galp will purchase the refined cut produced by Ecoslops at market price at its refinery at Sines.
In order to deliver to Galp refinery, Ecoslops has built a pipeline connection between its tanks and the Galp crude oil pipeline. The first deliveries to Galp took place in August, achieving a combined volume of 1,200 tons.
The agreement is scheduled to last until the end of 2020. Annual volume will fluctuate according to Ecoslops feedstock, being estimated at this stage to 10.000 tons / year.
José Carlos Silva, COO Trading & Refining of Galp, said: “This first delivery is the result of a vision, after Ecoslops and Galp agreed in 2013 to establish a partnership to address the recycling of vessel’s slops and represents a clear step towards sustainability, one of Galp’s values, placing Sines harbour in a unique innovative position.”