ECONOMYNEXT – Sri Lanka’s state-run Ceylon Electricity Board, has been asked to conduct a feasibility study on a new refinery, and expansion of its current one, in a new energy policy published in 2019.
CPC has been asked to study the optimum capacity expansion of its existing refinery which has a capacity of 50,000 barrels per day.
There have been efforts made in the past to boost its capacity to 100,000 bpd, and upgrade it with a hydro-cracker to be able to process heavier crudes for around 20 years.
Mention has been made of multiple unsolicited proposals on refinery expansions, but no formal requests for proposals have been called and taken to a conclusion.
At the moment it can only process a limited light crudes.
CPC had also been asked to start a preliminary investigation on a building a second refinery by mid-2021 in the energy policy.
Separately a private investor has started work on a refinery project in Hambantota in Sri Lanka’s South. (Colombo/Oct01/2019)