Eco-Oil began its operations in June 1st 2001, integrated in the universe of financial holdings of CUF – Companhia União Fabril SGPS, S.A. (sub-holding of José de Mello Group for the Chemicals sector).
It was founded with the purpose of assisting tankers destined to Lisnave shipyards, based in Mitrena that, at that point, also integrated José de Mello Group.
The decision of the construction of Eco-Oil facilities resulted from the shipyard facilities change from Lisbon to Setúbal and the consequent mandatory need of the shipyard to promote proper forwarding and treatment of waste and hydrocarbon mixtures generated on board tankers, according to MARPOL 73/78 (International Convention for the Prevention of Pollution from Ships).
After Eco-Oil´s installation, Lisnave added an important differentiation technical factor in the ship repair market in the segment for tankers. This brought the ability to offer its customers a degassing service, with a highly convenient location, nearby by the shipyard, and that contributes to the rapid entry of the ship at the dock in gas-free conditions, condition required for the execution of the repair work in total safety for tankers.