The finance will be used for both the Marseille and Antwerp projects, as well as for corporate R&D needs of up to 50% of the investment amount, in addition to traditional bank financing.
This will also allow the company to dedicate its current corporate resources (more than €7 mill at the end of 2018) to the projects that will follow Marseille and Antwerp.
Vincent Favier, CEO of Ecoslops, said: “Ecoslops is proud to be able to count on the EIB and its teams to support it in its European development. We welcome the recognition by a major European Union institution of the environmental excellence of the Ecoslops solution, which sets up a virtuous circular economy model in the context of energy transition.
“Ecoslops promotes a lower consumption of primary fossil energy and reduces CO2 emissions through the re-use of available hydrocarbon waste. Ecoslops’ financial situation is therefore stronger – this will enable us to pursue our plans of growth in order to remain world leaders in our markets,” he said.