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.
October » Eco-Oil, along with 7 other business partners, founded the Fuel Oil Recyclers Association (ARF) and assumes the Vice-Presidency. The main objective of the ARF is to represent the fuel recycling sector and to foster a transparent and inclusive legal framework, as a fundamental pillar of the circular economy.
The first stone of the future Eco-Oil Bahamas was laid, in Freeport – Grand Bahama island.
Eco-Oil is distinguished, once again with the import label award of SME Leading Company.
Eco-Oil has adhered to the principles of social responsibility and sustainability of CEFIC’s Responsible Care program.
The new Fuel refinery has entered in Production, which allowed to boost the industrial activity and to increase the quality of the fuel produced.
In 2015, a major investment program has been lunched associated with increasing capacity and efficiency in water treatment and improving the quality of the fuel produced.
In 2012, Eco Oil begins an important process of renovation and updating of the treatment system as well as the control and monitoring of water treatment and also the integration of new units in the treatment of fuel.
The company starts its internationalization strategy, with the analysis of various investment opportunities in other locations.
It also begins the process of expansion of the European Waste List codes that it can manage on its facilities.