Ecoslops SA

What Ecoslops SA does

Ecoslops SA is a French-headquartered, Euronext Growth Paris-listed cleantech company (founded 2009) that operates proprietary micro-refining technology (P2R — Petroleum Residue Recycling) to convert hydrocarbon residues — primarily maritime slops and sludges from shipowners and ports, plus terrestrial used oils and industrial residues — into second-generation commercial products including diesel/gasoil, fuel oil, naphtha, and soft bitumen. The P2R process is described as a world-first technology achieving >98% regeneration efficiency, emitting approximately 3x less CO2 than conventional petroleum production (including extraction), and the resulting products are ISCC PLUS certified at the Sines site. The portfolio is built around two hardware platforms: P2R industrial units (≥30,000 tonnes/year capacity) and the containerized Scarabox (3,000–7,000 tonnes/year), the latter sold as a turnkey plug-and-play solution to regional partners (first deployment with Valtech Energy in Kribi, Cameroon).

The company monetizes through three principal streams: (i) refined products sales (revenue +25% in H1 2026, with a +35% gasoil/diesel price effect, though production volumes fell 14% due to maintenance); (ii) long-term, transaction-based port reception and collection services under MARPOL Annexes I and V, with 24/7 operations and up to 60,000 m³ storage at Sines; and (iii) hardware sales of Scarabox units to international partners. Customer segments are shipping companies (anchor: MSC since 2014), port terminals (anchor: Port of Sines under exclusive sub-concession to 2027), industrial O&G waste generators, and waste collectors. Go-to-market is enterprise field sales supplemented by channel partners for Scarabox deployment.

Since the 2015 launch of the Sines unit (Portugal) and its IPO, Ecoslops added a second P2R unit at the La Mède Platform near Marseille under a 2016 TotalEnergies MoU (operational 2021), then divested that unit to TotalEnergies in 2024, consolidating around Sines as the flagship site while pivoting international growth to the Scarabox format. Revenue is in the low-double-digit millions (H1 2026: €7.3M, +21% YoY; FY2025: ~$12M) but the company remains EBITDA-negative (FY2025: -$0.4M) and net-loss-making (FY2025: -$2.4M), with net debt of €13.6M as of June 2026 — a profile consistent with an early-stage industrial roll-out rather than a scaled commercial operation.

Name

Ecoslops SA

Legal name

Ecoslops S.A.

Website

http://www.ecoslops.com/fr/

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Ecoslops SA is a French-listed cleantech company that uses its proprietary P2R micro-refining process to recycle maritime slops, sludges, and used oils into second-generation fuels and bitumen for shipowners, port terminals, and industrial clients.

Ownership category

akta.pro rank

Product category

Hydrocarbon Waste Recycling

NAICS

Petroleum Refineries (32411), Petrochemical Manufacturing (32511), Materials Recovery Facilities (56292)

SIC

Petroleum Refining (2911), Hazardous Waste Management (4955)

akta.pro primary industry

Hazardous Waste Recycling & Recovery (Solvent Recovery, Oil Re-refining, Metals Recovery) (EUAIAFAI)

akta.pro secondary industries

Used Oil, Lubricants & Industrial Fluids Recovery/Recycling (IMAIAFAM), Hydrotreating, Hydroprocessing & Desulfurization (HDS/HDT) (EUALAGAE), Used Oil & Oily Waste Management (Collection, Re-refining, Disposal) (BPALAFAI)

Keywords

• Hydrocarbon waste recycling
• Petroleum residue refining
• Marine fuel recycling
• Circular economy fuels
• Port waste management

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Hydrocarbon Waste Processing and Refined Products: Ecoslops collects hydrocarbon residues (slops, sludges, used oils) from shipowners, ports, and industrial clients, processes them through P2R technology, and sells the resulting refined products (diesel, fuel oil, naphtha, soft bitumen). Revenue increased 25% in refined products segment driven by +35% price effect from gasoil/diesel prices.
2. Scarabox Equipment Sales: Sale of Scarabox compact recycling units to international partners. First contract signed in 2021 with Valtech Energy for deployment in Kribi, Cameroon.
3. Collection and Treatment Services: 24/7 port collection services for maritime hydrocarbon waste, long-term contracts with shipowners, and treatment services ensuring regulatory compliance with MARPOL Annex I and V.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Ecoslops SA operates a proprietary P2R (Petroleum Residue Recycling) micro-refining process that transforms hydrocarbon residues (slops, sludges, used oils) from maritime and industrial sources into second-generation commercial products including diesel, fuel oil, naphtha, and soft bitumen. The company also sells the Scarabox, a compact containerized recycling unit (3,000-7,000 tonnes/year capacity), and provides 24/7 hydrocarbon waste collection and treatment services at port facilities compliant with MARPOL Annexes I and V.

Product overview

Ecoslops SA is a cleantech company offering hydrocarbon waste recycling solutions through two main technology platforms: P2R (Petroleum Residue Recycling) - an industrial-scale micro-refining process handling 30,000+ tonnes/year with >98% yield to produce diesel, fuel oil, naphtha, and soft bitumen; and Scarabox - a compact, containerized unit for 3,000-7,000 tonnes/year processing at smaller ports. The company operates the Sines facility in Portugal, provides hydrocarbon waste collection services compliant with MARPOL regulations, and offers integrated water treatment. In 2024, the La Mède facility (France) was sold to TotalEnergies.

Differentiator

Problem solved

Functional benefit

Brands

• P2R: Petroleum Residue Recycling - core micro-refining technology for converting hydrocarbon residues into second-generation commercial products (diesel, fuel oil, soft bitumen)
• Scarabox
• Ecoslops Provence
• Ecoslops Portugal

Products and services

• P2R (Petroleum Residue Recycling) Industrial Unit Industrial-scale micro-refining technology processing 30,000+ tonnes/year of hydrocarbon residues (slops, sludges, terrestrial oil residues) into second-generation commercial products (diesel, fuel oil, naphtha, soft bitumen). Designed for large port and industrial operations.
• Scarabox Compact, containerized, automated turnkey plug-and-play recycling unit that processes 3,000 to 7,000 tonnes of dehydrated hydrocarbon residues per year. Designed for medium-sized ports and isolated locations; sold with feasibility studies, installation, and technical assistance.
• Recycled Fuels (Naphtha, Gasoil, Fuel Oil) Second-generation petroleum products (special light fuels, naphtha, gasoil, industrial heavy fuel) produced from recycled hydrocarbon residues with reduced environmental footprint, certified to ISCC PLUS sustainability standards.
• Soft Bitumen Light bitumen produced from recycled hydrocarbon residues through the P2R process, compliant with international standards.
• Hydrocarbon Waste Collection Services 24/7 port collection, treatment, and traceability services for liquid hydrocarbon residues under MARPOL Annexes I and V, available at port facilities with up to 60,000 m3 storage capacity.
• Water Treatment Services Integrated water treatment at Ecoslops Portugal depolluting water from separation processes and port-collected wastewater using advanced technologies, returning water to the natural environment in compliance with international and local environmental regulations.

Quantifiable outcome

• >98% regeneration rate for dehydrated oil residues processed through P2R technology
• +4 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered major, core and minor.

• Valtech EnergymajorStrategic or Co-development Partner · 1 January 2021Sales contract signed in 2021 for the first Scarabox unit deployment near the port of Kribi, Cameroon. Valtech Energy is implementing the Scarabox locally as the regional partner for this West African market.
• TotalEnergiesmajorStrategic or Co-development Partner · 1 January 2016Memorandum of understanding signed in 2016 for P2R unit on La Mède Platform near Marseille. Unit was implemented in 2021 and subsequently sold to TotalEnergies in 2024 (Ecoslops Provence transaction).
• MSC (Mediterranean Shipping Company)coreChannel Partner/ Reseller/ Distributor · 1 January 2014Commercial agreement signed end-2014 for local collection of hydrocarbon waste from MSC vessels. MSC is the world's second-largest container shipping company.
• Green Award FoundationminorGTM or Marketing PartnerEcoslops Portugal is an 'Incentive Provider' since April 2016, offering 25% discount on slops collection costs at Sines for ships with Green Award certification.
• EuroshoreminorOthersMember of association working to conserve oceans by promoting best practices for maritime waste management. Promotes use of port reception facilities and environmentally sound waste elimination.
• Cluster Maritime Français (CMF)minorOthersMember of French maritime cluster association for companies, competitiveness clusters, federations, research labs, and economic stakeholders in the maritime sector.
• COMSINESminorOthersNon-profit association engaging companies and local community representatives in Sines region since 2015. Working groups on Heritage & Culture, Competitiveness & Logistics, Prevention & Safety, and Health & Environment.
• ADEME Club InternationalminorOthersMember of international club federating innovative French eco-companies developing activity on international markets or initiating export approaches.
• EVOLENminorOthersMember of hydrocarbon and new energies industry association promoting French excellence. 1,350 members including 250 companies and 1,100 professionals covering exploration, production, logistics, refining, and distribution.
• World Alliance Solar ImpulseminorOthersMember of alliance gathering clean technology leaders to create synergies, facilitate connections between solution providers and investors, and promote profitable solutions addressing environmental challenges.

Scale indicators14 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Safety-Kleen (Clean Harbors): North America's largest re-refiner of used oil and provider of parts cleaning and environmental services, directly comparable as a used-oil/industrial-fluids recycling operator serving commercial and industrial customers.
• Heritage-Crystal Clean: US-based provider of used oil collection and re-refining, parts cleaning, and hazardous and non-hazardous waste services — a direct peer in used-oil re-refining into base oils and fuel products.
• Avista Oil: German specialty company that re-refines used motor oils into base oils and sells them into lubricants and fuel markets, closely matching Ecoslops's P2R process of converting hydrocarbon residues into commercial fuels and intermediates.
• Mohawk Oil: Canadian used-oil collection and re-refining operator producing recycled base oils and related fuel products; comparable to Ecoslops's used-oil-to-fuel recycling model.

Regional players

• Oliehandel Tolsma: Dutch collector and re-refiner of used oils and related hydrocarbon waste streams, focused on Northwestern Europe — closely analogous business activity though geographically distinct from Ecoslops's Iberian/West African footprint.

Broad incumbents

• Veolia: Global environmental services leader with hazardous waste management and oil recycling capabilities; a broad incumbent offering overlapping services at scale but without Ecoslops's specialization in maritime residues and micro-refining fuels.
• SUEZ (Suez Recycling and Recovery): International waste management and recycling group with hydrocarbon waste handling and recovery operations; a broader incumbent player operating in adjacent segments of Ecoslops's value chain.
• TotalEnergies: Integrated oil major that acquired Ecoslops Provence in 2024; operates large-scale refining and renewable fuels businesses that overlap with the downstream markets Ecoslops serves with recycled fuels.
• Repsol: Integrated energy and refining company with circular economy and low-carbon fuel initiatives; comparable to the downstream refining side of Ecoslops's value chain and a potential large-industry counterpart for P2R/Scarabox partnerships.

Emerging players

• Neste: Finnish producer of renewable diesel and sustainable aviation fuel from waste and residue streams; analogous in transforming hydrocarbon residues into premium low-carbon fuels, though at much greater scale and from biological feedstocks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ecoslops
• Xx.com/Ecoslops

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ecoslops SA