Lamor Corporation Plc             Press release 23 September 2024 at 12:30 p.m. EEST

Lamor wins an agreement on soil remediation in Ecuador worth at least EUR 8 million

Lamor has signed a two-year agreement worth at least EUR 8 million on soil remediation in Ecuador. The agreement extends a previous successful three-year contract for site remediation. The order has been added to Lamor’s order backlog during the third quarter of 2024.

The project is located in Ecuadorian rainforest. The region plays a significant role for the local oil industry, and most of Ecuador’s oil discoveries during the past decades have been made in the zone.

“Lamor’s experts will carefully evaluate the eleven contaminated sites. We will excavate and transport the hydrocarbon-contaminated soil to our existing treatment centre in Northern Ecuador. There the soil will undergo biological remediation. Eventually the aim is to restore the site”, says Santiago Gonzales, SVP for North and South America at Lamor.

The total amount of contaminated soil is currently estimated to be approximately 45,000 m³. In addition to soil, also drill cuttings and water are treated at Lamor’s facility.

 “Our operations will support the oil and gas industry in ensuring that they can continue to fulfil their commitment to operate responsibly and in compliance with environmental regulation. Together we will also create new jobs for the people in the region.”

Lamor is one of the world’s leading providers of environmental solutions, with a strong presence in South America. For four decades, Lamor has worked to clean up and prevent environmental incidents on land and at sea. In recent years, the major projects won by the company in South America and the Middle East have been incremental in the growth of the company’s soil remediation and restoration business, strengthening both local connections as well as Lamor’s technological and operative competencies and enabling participation in similar projects globally.

Further information

Santiago Gonzalez, SVP, Americas market area
Tel. +593 99 789 2729, santiago.gonzalez@lamor.com

Johan Grön, CEO, Lamor Corporation Plc  
tel. +358 40 5464186, johan.gron@lamor.com 

Lamor in brief  

Lamor is one of the world’s leading providers of environmental solutions. For four decades, we have worked to clean up and prevent environmental incidents on land and at sea. 

Environmental protection, soil remediation and material recycling: Our innovative technologies, services and tailored solutions, ranging from oil spill response, waste management and water treatment to soil remediation and plastic recycling, benefit customers and environments all over the world. 

We are capable of vast and fast operations thanks to our connected ecosystem of local partners, steered by our experts. We have over 600 employees in more than 20 countries. In 2023, our turnover was 123 million euros. Lamor's share is listed on the Nasdaq Helsinki (ticker: LAMOR). Further information: www.lamor.com