Deal signed for world’s largest single location PET plant at Hambantota

Monday, 18 March 2013 00:00 - - {{hitsCtrl.values.hits}}

Hambana Petrochemicals Ltd., (HPL) last week signed a Business Venture Agreement with the SLPA for the proposed project to set up a plant for producing bottle grade polyethylene terepthalate packaging resin. It would also be integrated subsequently with a PTA plant, which would be set up in the second phase with a capital outlay of US$ 450 million. The total tonnage for the port through this industry in phase I and II is close to four million tons. The project will be on-stream from January 2015.

The signing was between SLPA Chairman Dr. Priyath B. Wickrama, Hamabana Petrochemical Limited Director/CEO Abhijit Sen and Hamabana Petrochemical Limited Chairman Jit Warnakulasuriya in the presence of Minister of Port and Highways (Projects) Rohitha Abegunawardhane. Ministry of Ports and Highways Additional Secretary (Ports) Anuradha Wijekoon, Ministry of Defence and Urban Development Additional Secretary Janaka Kurukulasuriya, SLPA Vice Chairman Indika Karunajeewa, SLPA Executive Director Dr. Sanjaya Sedara Senarath, SLPA Additional Managing Director Norman Weerarathne, SLPA Director (Finance) Shirani Wanniarachchi, SLPA Director (Technical) A.D.T. Gunasekara, SLPA Director (Logistics) D.W. Atapattu, SLPA Director (Security) Major General Sanath Karunaratne and Chief Engineer (Southern Port Development) P.A. Agil Hewageegana are also present.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.