Ecoslops announced the agreement of the EIB for a financing of a maximum of 18 million euros. The financing will be used for both Marseille and Antwerp projects as well as for corporate R&D needs, up to 50% of the investment amount, in addition to traditional bank financing.
This financing will enable the company to dedicate its current corporate resources, which are over 7 million euros, to the projects that will follow Marseilles and Antwerp’s.
Specifically, the financing regards the following:
- Financing projects in Marseille, Antwerp and R&D needs;
- Reinforcing the company’s position as innovative leader which ‘brings oil into circular economy’.
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Speaking about the agreement, Vincent Favier, CEO of Ecoslops, said that Ecoslops is trying to promote a lower consumption of primary fossil energy and reduce CO2 emissions by reusing available hydrocarbon waste.
This will enable us to pursue our plans of growth in order to remain world leaders in our markets. Concomitantly, Ecoslops is also honored to be selected in the ranking of Les Échos “Champions of Growth 2019
