PET INVESTMENT IN SRI LANKA
It has been reported that Hambana Petrochemical Limited has signed a Business Venture Agreement with the Sri Lanka Ports Authority for a proposed project to set up a plant producing bottle grade PET resin in Hambantota, Sri Lanka. Hambana Petrochemicals Ltd is a company owned by Peak Energy (Pte) Ltd of Singapore.
The proposed plant would have an annual PET resin production capacity of 540,000 metric tons or 1,500 metric tons per day, coming on-stream from January 2015.
Further analysis will be included in our April 2013 Business Report