Home / Front Page/ Adam Capital announces two major initiatives

Adam Capital announces two major initiatives


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 2 December 2015 00:51

Facebook

Adam Capital Plc, part of Adam Investments Plc, has announced two major initiatives aimed at bolstering its business and future prospects.6

In separate announcements to the Colombo Stock Exchange, Adam Capital said its subsidiary Adam Carbons Ltd has initiated discussions to operate a Renewable Energy based Electrical Power Generation unit.

It is estimated that this would generate an exportable capacity to the national grid of 3.4 Gwh electrical units per annum (approx installed capacity of 440 Kw). This project would eliminate pollution from the charcoaling process along with the renewable power generation should enable Adam Carbons to successfully register and trade in Carbon Credits under the guidelines of the Kyoto Protocol.

Adam Carbons has also initiated a Carbon Dioxide Production Process through the use of Bi-Products of Activated Carbon manufacturing.

“We wish to inform you that Adam Carbons (Pvt) Ltd has initiated discussions to capture carbon dioxide (CO2), processed on site and refine it into food grade purity,” Adam Capital’s filing to the CSE said.

“This would enable Adam Carbons (Pvt) Ltd to earn valuable non-core product income to its profitability. The project would be located at the Adam Carbon Factory site at Giriulla and this project would eliminate the deposition of effluent waste gases into the atmosphere,” the company added.

 

 

 

 

 

 

 

 


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Wounding the social psyche

Friday, 19 April 2019

In this article, I intend to discuss the serious wounds inflicted on the psyche of Sri Lankan society, which have not received adequate attention, but need immediate cure, for they might develop into a dangerous cancer if not treated without further


No more stones to break Sri Lankan bones

Friday, 19 April 2019

Trial by fire is not a new ordeal to Christian community. It predates Notre Dame and Nazism by millennia. In fact, a decade or so before Nero torched believers to light Roman avenues, Jewish religious leaders put Jesus-followers to the test as the Ch


What 5G could be to Game of Thrones (and vice versa)

Friday, 19 April 2019

We will be hearing a lot about these two seemingly unrelated topics this month. In a hurriedly but meticulously organised event, Dialog Axiata recently demonstrated 5G applications for the first time in South Asia. 5G will be commercially available


On time – Only for a week! A must-change!

Thursday, 18 April 2019

We are in April and the month where we witness the declaration of a new year as per our traditional practice. It is that period of time when a huge majority of our population, which certainly can be counted in millions, intends to act in unison and q


Columnists More