Business
INSEE Ecocycle opens a cutting-edge Pyrolysis Plant to convert industrial waste into valuable resources that will contribute to the Circular Economy
INSEE Ecocycle, Sri Lanka’s pioneer in industrial waste management, has inaugurated a state-of-the-art Pyrolysis Plant at its Puttalam Cement Plant, to convert industrial waste into valuable resources, thus supporting a Circular Economy. The newly opened, fully-capable Pyrolysis plant, which is equipped with cutting-edge technologies, marks an important milestone in INSEE Ecocycle’s sustainable waste management journey, as it provides a total waste management solution based on resource recovery from rubber and plastic waste originating from a wide range of industries. In addition to this newly established pyrolysis plant, INSEE Ecocycle also provides sustainable, environmentally-friendly solutions to public and private institutions, particularly with regard to the management of industrial hazardous waste, non-hazardous waste, the disposal of brand sensitive material and more.
INSEE Ecocycle’s new Pyrolysis Plant was inaugurated at a special ceremony held recently, where the General Daya Rathnayake secretary to the Ministry of Industries, graced the occasion as Chief Guest. Other notable dignitaries present at the event included, M.K.D.Lawrance, Executive Director (All Zones) of the Board of Investment of Sri Lanka, Saman Kumara, Director of the Provincial Environmental Authority of North Western Province, N.G. Senavirathna , Director of North western Provincial Office of Central Environment Authority, Rangana Jayathilake, Divisional Secretary Puttalam , D M K Dissanayake , Assistant Director of Puttalam District Office of Central Environment Authority, Nimal Perera, Deputy Inspector General of Police (DIG) of Puttalam , Nandana Ekanayake, Chairman/CEO of INSEE Cement, Sanjeewa Chulakumara, Director of INSEE Ecocycle. Members of the EXCO team and the senior management team of INSEE Cement were also present at the ceremony.

Speaking about the new Pyrolysis Plant, Chairman/CEO at INSEE Cement, Nandana Ekanayake said, “As the market leader in the construction industry, having the only fully-integrated cement plant in the country and producing Sri Lanka’s most popular cement brands – Sanstha and Mahaweli Marine – INSEE Cement has always worked to support and find solutions for the national waste management issue, as a responsible corporate citizen. This new state-of-the-art facility will be able to handle rubber and plastic waste, adding another service to INSEE Ecocycle’s present portfolio of services. INSEE will continue to invest in sustainable waste management solutions to effectively address the nation’s waste problem. INSEE Ecocycle exemplifies commitment and leadership in offering sustainable waste management solutions to businesses and can assist corporates in meeting their sustainability goals through proven expertise, skilled resources, technical know-how and professional services”.
Pyrolysis is the thermal decomposition of carbonaceous material in the absence of oxygen, and the Pyrolysis process is becoming more appealing due to its greater flexibility in producing a mixture of solid, liquid, and gaseous products in various proportions by varying the operating temperature and heating rate, providing a 100 percent resource recovery-based solution for rubber and plastic waste.
Sanjeewa Chulakumara – Director at INSEE Ecocycle explained further saying, “We are the only sustainable waste management solutions provider in Sri Lanka, with over two-decades of experience in the industry. Thus, we are proud to add Pyrolysis to INSEE Ecocycle’s portfolio of sustainable waste management services, catering particularly to Rubber and Plastic waste. Pyrolysis is a circular economy-based resource recovery solution that produces Pyrolysis Oil and Carbon Black as the primary resources. This is a significant milestone for Ecocycle, and with this state-of-the-art facility, we have expanded our portfolio of waste management solutions to help our valuable customers achieve their sustainability goals”.
Business
Cost-effective clearance of goods across borders to determine worth of Customs Paperless Declaration
By Ifham Nizam
The introduction of the Customs Paperless Declaration from October 1 could mark an important step in Sri Lanka’s efforts to modernise trade, but its real value will depend on whether it reduces the time and cost of moving goods through the country’s borders, Customs House Agents & Traders Association President Mohamed Niyas said.
Niyas warned that digitising Customs declarations alone would not necessarily translate into faster cargo clearance or lower costs for businesses.
‘Expecting a dramatic improvement in clearance speed under the present conditions is like expecting Ferrari performance from a Morris Minor configuration, he said.
For importers and exporters, the issue extends well beyond paperwork. Every additional hour or day that cargo remains in the clearance chain can have wider consequences for businesses, including increased port and storage-related costs, additional working-capital requirements, uncertainty over delivery schedules and disruptions to production and distribution.
Niyas said the competitiveness of Sri Lanka’s trading sector ultimately depended on how efficiently goods could move through the country’s border-clearance system.
‘The real bottleneck is not merely the absence of paper. It is the entire clearance ecosystem—the limitations of the existing ASYCUDA World system, excessive regulatory interventions by Other
Government Agencies, multiple approvals, physical examinations, manual interventions, fragmented processes and institutional constraints, he said.
He cautioned that unless these bottlenecks were addressed, there was a risk that the paperless initiative would merely digitise existing bureaucracy.
‘If these underlying constraints remain unchanged, there is a real risk that the new paperless system could become another “copy-and-paste road show”—where an old, complex clearance process is simply transferred onto a digital screen without fundamentally changing the process itself, Niyas said.
For businesses dependent on imported raw materials, machinery, components and other inputs, clearance efficiency can directly affect the wider supply chain.
Delays at the border can create uncertainty for manufacturers, distributors and retailers, while exporters can face difficulties meeting delivery schedules when imported inputs or export consignments are held up.
Niyas therefore argued that the success of the October 1 initiative should be judged by its impact on trade flows rather than by the number of declarations processed electronically.
‘Paperless does not automatically mean faster, he said. ‘Digitising a slow process does not make the process fast. It only makes the slow process digital.’
He said Sri Lanka needed to move towards what he described as “process-less Customs”—a system in which unnecessary procedures are eliminated rather than simply converted into electronic procedures.
Among the reforms he called for are simplification of Customs declarations and approval workflows, improvements to the functionality of ASYCUDA World, greater use of risk-based inspections and better integration of Other Government Agency approvals.
Niyas also called for the elimination of repetitive document submissions and physical endorsements, greater use of pre-arrival processing, sufficient capacity for digital document uploads and clearly defined service-level timelines for Customs and OGAs.
Business
China backs Sri Lanka’s Non-aligned stance to counter regional pressures
By Sanath Nanayakkare
As global attention has fixed on the high-level diplomatic choreography at the United Nations General Assembly in New York, a subtler, yet profound geopolitical signal was sent from Colombo, yesterday.
In a major address marking the founding anniversary of the People’s Republic of China, newly appointed Chinese Ambassador Wei Huaxiang chose to anchor bilateral relations not just in modern trade or infrastructure, but in a shared respect for Sri Lanka’s legacy of non-aligned independence.
By explicitly invoking Sri Lanka’s foundational role in the 1976 Non-Aligned Summit, Beijing was doing something unexpected in an era defined by fierce great-power rivalry: it was officially validating a small island nation’s right to maintain an independent foreign policy stance.
The Strategic Value of Independence
For decades, nations caught in the crosshairs of major-power competition have faced intense pressure to pick sides. Yet, Ambassador Wei’s embrace of Colombo’s non-aligned tradition signaled a different diplomatic playbook. Instead of demanding alignment, Beijing was framing its partnership as a reliable counterbalance to regional pressures. By honouring Sri Lanka’s diplomatic autonomy, China was effectively reassuring smaller economies that sovereign independence and robust economic cooperation can coexist.
Beyond Ports and Industrial Zones
This diplomatic framing reframed the narrative surrounding major collaborative ventures like the Colombo Port City and Hambantota Port. While foreign analysts often view these projects exclusively through the lens of strategic rivalry, Beijing’s diplomatic messaging tied them back to a historical ethos of solidarity—evoking memories of the 1952 Rubber-Rice Pact.
By marrying economic projects with a stated respect for non-alignment, China is positioning itself as a steadfast stakeholder that respects Sri Lanka’s internal agency during difficult economic and political seasons.
As both nations look toward major milestones in 2027—including the 70th anniversary of diplomatic ties—this nuanced diplomatic move revealed how historic traditions are being leveraged to navigate modern multipolar realities.
For global observers, the takeaway was clear: in the shifting architecture of Asian geopolitics, respecting a nation’s historical neutrality may just be the most effective way to secure a lasting partnership, a diplomatic masterclass that Ambassador Wei Huaxiang executed in style.
Business
Sri Lanka Insurance Life appoints Dr. Sameera Dharmasena Chief Executive Officer
Sri Lanka Insurance Life (SLIC Life), the nation’s largest and strongest Life Insurer, is pleased to announce the appointment of Dr. Sameera Dharmasena as its new Chief Executive Officer, effective 22nd September 2026.
Dr. Dharmasena is a distinguished insurance professional with over 21 years of experience in the Sri Lankan insurance industry, having held senior leadership positions across several leading insurance companies affiliated with some of Sri Lanka’s largest business conglomerates. His extensive career spans both local and multinational insurance environments, bringing together broad industry expertise, strategic leadership and a strong commitment to the advancement of the insurance profession.
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