Tuesday, December 13, 2016

Recycle Energy to invest US$ 80 mn

 

 The whole of Sri Lanka is more than familiar with the on going garbage crisis which has now reached almost near unsolvable status!

Piles of refuse even in the heart of Colombo 7, in residential areas in the suburbs, in short everywhere has given cause for despair to residents, Corporates as well as diplomats and expatriates in the country; however all is not lost and help is at hand according to Recycle Energy Pvt Ltd, who together with their German counterparts Solventure Pvt Ltd, have the perfect solution at hand.

“What’s more it’s one that does not involve the use of 3 garbage, sorting bags, but just one,” said a spokesperson from Recycle Energy, allaying the fears of all householders who have nightmares of sorting out their garbage into not 1 but 3 bags,” said Coordinator Recycle Energy Pvt Ltd, Kithminie Wanigasekera .

The advantages of implementing the 1 garbage bag technology, otherwise known as the Combi Tech process are manifold, the primary one being that there is no necessity of sorting out or segregating of the solid waste, resulting in the use of just 1 garbage disposal bag. It is environment friendly and uses a non incineration technology. The process of disposal of solid wastes generates not only organic fertilizer but also alternative sources of energy for electricity as well as waste heat for cooling. “The waste heat thus generated by the Combi Tech process is used for cooling purposes, thus helping to reduce post harvest losses that amount to an exorbitant 40 percent or more of the harvested seasonal fruit and vegetable produced in the country.

In addition Solventure and their local partners will supply compost, organic fertilizer to Lakpohora Fertilizer Company free of charge in their first year of manufacture, and subsequently at Rs 7 per kilo. Lakpohora will also receive 5% of the profits from Solventure, while the country will receive an investment of US $ 80 million, high quality fertilizer under the supervision of German laboratories and state of the art technology as well.

At a time when both garbage disposal as well as power supply present disproportionate problems, Combi Tech methodology which is the result of Sri Lanka’s Recycle Energy Pvt Ltd and Germany’s Solventure Pvt Ltd, present the ideal solution. 

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