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.