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Ecoslops

CR
Bloomberg   ALESA FP
Other Energies  /  France  Web Site   |   Investors Relation
The cleantech making oil residues green
Latest23/01/2018

Egypt: Memorandum of Understanding for detailed feasibility study

Fact

Ecoslops has signed a Memorandum of Understanding with the Suez Canal Economic Zone to develop a detailed feasibility study.


Analysis

The study should assess the technical, regulatory, financial and commercial features of the project and should be completed by Q3 18.

The company estimates the potential for recovering oil residues across the Suez Canal at >40,000 tonnes per year.
Moreover, Egypt has other large ports, like Alexandria, with a significant potential for waste recycling.
This plant would improve the competitiveness of the Suez Canal and the Egyptian ports. Egyptian authorities seek to enhance the services proposition of their infrastructure: in this backdrop, Ecoslops would help to improve its attractiveness.

The French government has granted financial support to the study.


Impact

Our model integrates the development of a project in the emerging markets in the medium term.


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%
Updates

06 Apr 18 Earnings/sales releases
Lighter, greener, richer

01 Feb 18 Earnings/sales releases
2017 brought strong business development and...

30 Oct 17 EPS change
Integrating the capital increase

28 Sep 17 Earnings/sales releases
Positive EBITDA at Sines

23 May 17 EPS change
H2 16 update

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