ECOSLOPS AND PARLYM JOIN FORCES TO DEVELOP LOCAL RECYCLING OF WASTE OILS ON THE AFRICAN CONTINENT WITH THE SCARABOX
06 April 2023 - 2:20AM
ECOSLOPS AND PARLYM JOIN FORCES TO DEVELOP LOCAL RECYCLING OF WASTE
OILS ON THE AFRICAN CONTINENT WITH THE SCARABOX
Paris, April 5th, 2023
The two French companies, with complementary expertise,
have entered into a partnership covering 25
countries to accelerate the deployment of the Scarabox® on the
African continent. This agreement will take the form
of a joint venture (Parlym 80%/Ecoslops 20%) which purpose be
to invest with a majority stake in the local projects co-developed
and financed by the two partners.
In the very short term, Parlym will take, alongside Ecoslops, a
minority stake in Valtech Energy in Cameroon (first client of
the Scarabox®). The two partners also aim to make a second
investment in 2023 in Ivory Coast, once the regulatory approvals
will have been obtained.
Complementary know-how
Ecoslops is a company specialised in the circular economy
applied to hydrocarbon waste. With more than 10 years of
experience in operating micro-refinery units, the company has
launched an innovative automated containerised solution: the
Scarabox®.
Parlym is specialised in the engineering of energy
infrastructure projects in the nuclear, oil & gas and renewable
energy sectors. With a turnover of more than €150 million, 50% of
which is generated in France and 50% in Africa (where it has been
established for more than 50 years), Parlym has recognised
experience in carrying out hazard studies, environmental impact
assessments and project management assistance in many
countries.
The two partners master the entire value chain: environmental
impact studies, filing of permits, design of units and sites,
financing, construction and operation of industrial units.
A new circular economy offer for Africa
The Scarabox® is a micro-refinery unit that recycles hydrocarbon
residues locally (marine and landbased petroleum waste and
used lub oil) into fuel and light bitumen for the surrounding
industries. Thanks to their partnership, Ecoslops and Parlym are
able to partner with producers and collectors of hydrocarbon
residues to set up and finance Scarabox® projects wherever market
studies have shown their potential for profitability.
Both companies, driven by both business objectives and social
responsibility, are committed to promoting the development of
the circular economy on the African continent. By giving value to
this hazardous waste and offering a recycling solution based on the
best technologies and know-how, this partnership around the
development of the Scarabox® should prevent more waste from being
inappropriately dumped in the natural ecosystem.
Johann Charrier, CEO of Groupe Parlym
said:"Through this new partnership, we are bringing a new solution
for a virtuous and circular economy on the African territory.
We are delighted to rely on Ecoslops to reduce our environmental
footprint.This fits perfectly with the energy transition objectives
we have set for ourselves by 2027."
Vincent Favier, CEO of Ecoslops said:"Since the
launch of our Scarabox® solution, we have been looking for a strong
industrial and financial partner with an extensive network in
the energy sector in Africa. Parlym is the best
possible partner for this project and we are confident that
this association will effectively accelerate the development
of these innovative and urgently needed recycling units."
This is a major step forward for the development
of the circular economy of hydrocarbon residues on the African
continent, fulfilling Ecoslops’ ambition to become, like Parlym, a
major French industrial group operating internationally.
ABOUT ECOSLOPSEcoslops is
listed on Euronext Growth in ParisISIN Code: FR0011490648 - Ticker:
ALESA / PEA-PME eligibleEcoslops is the cleantech that brings oil
into the circular economy thanks to an innovative technology
allowing the company to upgrade oil residues and used lub oil
into new fuels and light bitumen. The solution proposed by Ecoslops
is based on a unique micro-refining industrial process that
transforms these residues into commercial products that meet
international standards. Ecoslops offers an economic and more
ecological solution to port infrastructure, waste collectors and
ship-owners through its processing plants.Investors relations:
ir@ecoslops.com +33 (0)1 83 64 47 43Press relations:
info.esa@ecoslops.com +33 (0)1 83 64 47 43Website :
www.ecoslops.com
ABOUT PARLYMTurnover 150 M€ -
1000 employeesFor more than fifty years, Parlym has been developing
its expertise in engineering, procurement, consulting,
inspection and project management on an international scale,
in the nuclear, oil & gas and renewable energy sectors. Present
from Europe to Africa, Parlym handles the most ambitious projects:
EPC, power plants, factories and depots. Each year, Ecovadis
evaluates the effectiveness of Parlym’s CSR policy. This year, the
certification platform gave the Group a score of 64/100 (well above
the average for companies in the sector). In order to support the
energy transition, in June 2022 the Group formalised its intention
to increase the development of its non-carbon activities. To this
end, the Energy Transition Department, headed by Didier Laurent,
was created.Energy Transition Department:
transition.energie@parlym.com - +33 (0)6 16 35 21 18Press relations
: communication@parlym.com - +33 (0)4 88 04 08 20Website :
www.parlym.com
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