Project for chemical leasing

Nethali STRUYS

Industrial Development Board Chairman U Kariyawasam handing over the agreement to National Cleaner Production Center Director S Peiris.

An MoU was inked for a pilot project on chemical leasing between the Industrial Development Board (IDB) and the National Cleaner Production Center (NCPC) to minimise chemical usage.

IDB Chairman U Kariyawasam and NCPC Director S Peiris took part in signing the MoU. The objective is to assist enterprises in promoting sustainable management of chemicals to boost economic performance and access to world market.

Chemical leasing is a new concept and an innovative business model said IDB Chairman, suggesting new forms of payment for chemicals that are directing the economic interests of all partners towards process optimization and reduction of chemical consumption. He added that this agreement would close the material cycles between supplies and use of chemicals which would create economic benefits and environmental advantages.

Plans are afoot to carryout this project under three steps. The first would be identifying appropriate chemicals, processes and partners. The second is making the required parameters to be more eco-friendly and systemization technical potential in the future.

"Our aim is to upgrade all chemical related industries in a more eco-friendly manner," the chairman said.

He added that this is being done through 22 IDB district offices and 17 industrial villages.