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Ecoslops

CR
Bloomberg   ALESA FP
Other Energies  /  France  Web Site   |   Investors Relation
The cleantech making oil residues green
Regulation23/11/2016

Ecoslops to benefit from potential new green regulations on shipping hydrocarbon residues

Analysis

The Paris Agreement doesn’t directly address shipping. Global environmental regulations on the industry are drafted by the UN International Maritime Organization (IMO).

At the end of October, the IMO agreed on a roadmap (2017 through to 2023) to develop a strategy to cut greenhouse gas emissions from ships to be adopted in 2023.
According to the roadmap, IMO’s Marine Environment Protection Committee should define, among other things, the role of the “shipping sector in supporting the goals of the Paris Agreement.”

Targets have not been set yet and it is unclear whether the framework would include stricter regulations on the disposal and treatment of sludges, bilge water and slops – not greenhouse emissions stricto sensu.
However, additions to policies on hydrocarbon residues are likely in the context of regulating pollution from shipping and would probably support Ecoslops’ basket of opportunities, as the company offers a proven outlet to these by-products of the global maritime trade.


Target
Upside 114%
Price (€) 11.15
Market Cap (€M) 49.2
Perf. 1W: -5.91%
Perf. 1M: 2.76%
Perf. 3M: 54.9%
Perf Ytd: -2.19%
10 day relative perf. to stoxx600: -4.49%
20 day relative perf. to stoxx600: 5.59%
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