Circular Waste-to-resources Business ModelThe core business converts maritime slops and oily residues into commercial petroleum outputs, aligning revenue with ongoing port activity and regulatory waste management needs. This creates durable demand and strategic relevance as regulators and operators prioritize compliant waste handling.
Dual Revenue Streams: Services And Product SalesHaving both service fees for waste treatment and sales of recovered products diversifies cash generation sources. Throughput-driven economics mean utilization gains lift both fee and product margins, providing structural resilience versus single-source business models.
Operational Improvement Signaled In 2024A narrower loss and move to slightly positive EBITDA indicate operating leverage can kick in as volumes or efficiency improve. If sustained, this supports internal cash generation, reduces reliance on external funding, and helps rebuild profitability over the medium term.