On Tuesday 5 February, the Board of Directors of the European Investment Bank approved a EUR 18m loan to French firm Ecoslops to finance the construction of two marine hydrocarbon recycling facilities for the ports of Marseille (France) and Antwerp (Belgium). This loan falls under the financing of strategic European transport projects and also has a significant climate action component. This is the first time that the EIB has provided financing to Ecoslops, which was founded in 2008 and has been listed on the Euronext Paris since 2015.
France: Ecoslops and EIB sign EUR 18m loan agreement
Ecoslops and the EIB are pleased to announce the signing of a EUR 18 million loan agreement to help finance the construction of plants in Marseilles and Antwerp. This funding will also enable the firm to push ahead with its R&D programme, especially under the mini-P2R banner, and build up its teams. The loan is being provided under the Connecting Europe Facility (CEF), aimed at fostering sustainable sea transport. It consists of two tranches of EUR 10 million and EUR 8 million