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INSEE Ecocycle: Realizing a circular economy through innovative waste management

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Sujith Gunawardane

As Sri Lanka marks World Environment Day, INSEE Ecocycle takes center stage as the pioneering force in waste management, driven by the principles of the circular economy. With a profound commitment to sustainability and respect for the UN’s Sustainable Development Goals, INSEE Ecocycle has emerged as a game-changer in waste disposal, waste recovery, and overall waste management solutions.

Embracing the circular economy model, INSEE Ecocycle goes beyond waste disposal and management solutions through its dedication to transforming waste into valuable resources. As the waste management arm of INSEE Cement, the company’s journey began in 2003 when it began using biomass and industrial waste as alternative fuels and raw materials for the cement manufacturing process. Since then, INSEE Ecocycle has expanded its scope, venturing into hazardous waste management, sorted non-biodegradable municipal solid waste processing, and molecular recycling through its pyrolysis plant.

“At INSEE Ecocycle, we are driven by the belief that waste should be viewed as an opportunity rather than a burden,” says Sujith Gunawardhana, General Manager, INSEE Ecocycle. “Our goal is to revolutionize waste management and create a sustainable future where waste becomes a valuable resource that can be used to create the things we need to build a better life!”

Both historically and at present, INSEE Ecocycle plays a pivotal role in developing environmentally friendly avenues for managing hazardous waste in Sri Lanka. In collaboration with the government, regulatory authorities, and industries, the company facilitates the safe and eco-friendly management of countless tons of hazardous waste annually, continually setting new standards for responsible waste disposal practices in Sri Lanka.

Underscoring INSEE Ecocycle’s commitment to innovation, the company has invested in a state-of-the-art modern laboratory, providing analytical services to various industries in relation to waste management. This cutting-edge facility enables comprehensive waste analysis, including solid, liquid, wastewater, fuel, and fertilizer analysis. Through the provision of these services, INSEE Ecocycle has solidified its position as a comprehensive, one-stop shop for total waste management solutions and a drive towards more circular solutions.

The specialty of INSEE Ecocycle’s approach lies in its unique co-processing method, carried out within the cement kilns. By complementing the cement manufacturing process in partnership with its parent company, INSEE Cement, waste is destroyed and decomposed fully without harmful emissions. In stark contrast to conventional landfill or incineration methods, co-processing ensures waste is converted into valuable resources, minimizing environmental impact. Additionally, the company’s commitment to transparency and accountability is demonstrated through continuous monitoring of emissions and regular reporting to regulators.

Driven by its ESG ambitions for 2030, INSEE Ecocycle focuses on three key pillars: climate and energy, the circular economy, and biodiversity and water. Concentrating on these pillars, the company strives to reduce CO2 emissions, decrease energy consumption from fossil fuels, enhance waste utilization, and promote water conservation, while also making a net positive impact on biodiversity. These initiatives, coupled with a “zero-harm” ambition and robust community engagement, solidify INSEE Ecocycle’s dedication to environmental stewardship.

Further highlighting the company’s commitment to transforming waste disposal in Sri Lanka, INSEE Ecocycle presently collaborates with over 100 municipal councils and local authorities islandwide, supporting the responsible collection and disposal of sorted non-biodegradable municipal solid waste (MSW). The company plays a pivotal role in providing technical expertise, infrastructure, and final disposal facilities to efficiently manage waste. Recognizing that municipal solid waste (MSW) is a national concern, INSEE Ecocycle actively collaborates with government authorities at all levels to find sustainable solutions.

INSEE Ecocycle also partners with organizations that generate waste to help them take ownership and responsibility for managing their waste in an environmentally friendly and professional manner. Through its industrial services arm, INSEE Ecocycle offers a range of services, including waste mapping, waste reduction guidance, technical solutions, chemical cleaning, tank cleaning, emergency responses, and professional logistics services. By sharing its wealth of experience and knowledge, INSEE Ecocycle empowers its clients to embrace sustainable waste management practices and minimize their environmental footprints.

“Our vision goes beyond waste management as we aim to build a greener, more sustainable future for our country,” explained Mr. Gunawardhana. “Through our unmatched expertise, extensive geographical presence, and participation in nationally important projects, we are driving change and reducing the burden of MSW and other hazardous waste.”

Emphasizing the significance of individual actions in waste management, Mr. Gunawardhana added, “Every small effort counts in reducing waste and managing it properly. Simple practices like reusing bags and avoiding the mixing of different types of waste can help #BeatPlasticPollution and have a significant impact on the effectiveness of waste treatment and disposal measures. Awareness is crucial, and that’s why we always try to share knowledge and inspire people at every level to do and be better, even when it isn’t in our economic interests, in order to drive a sustainable waste management culture in Sri Lanka.”

With World Environment Day being marked worldwide on June 5, 2023, INSEE Ecocycle stands at the forefront of the battle against environmental pollution in Sri Lanka, blazing the trail with its innovative waste management solutions, driven by circular economy principles. By redefining waste as a valuable resource and fostering partnerships with diverse stakeholders, INSEE Ecocycle is working to realize a greener future for all Sri Lankans.



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SEC Sri Lanka eases Minimum Public Holding Rules for listings via introductions to boost market flexibility

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The Securities and Exchange Commission of Sri Lanka (SEC) has approved amendments to the Colombo Stock Exchange (CSE) Listing Rules to provide greater flexibility regarding the Minimum Public Holding (MPH) requirement for companies listing through the Introduction method.

These revisions were proposed and deliberated under Project 6 – New Listings (Public and Private), one of 12 key strategic initiatives launched by the SEC to strengthen Sri Lanka’s capital market framework. Project 6 aims to drive national capital formation, promote listings by highlighting benefits and opportunities for listed entities, and attract large-scale corporates to enhance market depth, liquidity, and investor confidence.

The amendments reflect a joint effort by the SEC and CSE, underscoring strong collaboration between the regulator and the Exchange to address evolving market needs while maintaining market integrity, transparency, and investor protection.

The salient features of the amendments to the CSE listing Rules are as follows;

Entities seeking listing by way of an Introduction on the Main Board or Diri Savi Board that are unable to meet the MPH requirement at the time of submitting the initial listing application, may now be granted a listing, subject to certain conditions on compliance.

Non-public shareholders who have held their shares for a minimum period of eighteen months prior to the date of the initial listing application may divest up to a maximum 2% of their shares each month during the six months commencing from the date of listing, and simultaneously, be subject to a lock-in requirement of 30% of their respective shareholdings as at the date of listing, until MPH compliance or 18 months from the date of listing, whichever occurs first.

A phased MPH compliance framework has been introduced requiring a minimum 50% compliance with MPH requirement within 12 months and full compliance within 18 months from the date of listing.

Entities should include clear disclosures in the Introductory Document confirming their obligation to meet MPH requirements within the prescribed timelines.

In the event of non-compliance with the MPH requirement, certain enforcement actions have also been introduced.

The revised framework is expected to encourage more companies to consider listing via Introduction, thereby broadening market participation, improving liquidity, and contributing to the overall development of Sri Lanka’s capital market. Issuers, investors, and market intermediaries will benefit from a more enabling yet well-regulated listing environment.

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Manufacturing counters propel share market to positive territory

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Stock market activities were positive yesterday, mainly driven by manufacturing sector counters, especially Sierra Cables, Royal Ceramics and ACL Cables. Further, there was some investor confidence in construction sector counters as well.

Amid those developments both indices moved upwards. The All Share Price Index went up by 150.54 points, while the S and P SL20 rose by 41.5 points. Turnover stood at Rs 4.65 billion with six crossings.

Those crossings were reported in Royal Ceramics which crossed 3.8 million shares to the tune of Rs 174.3 million; its share s traded at Rs 45.20, VallibelOne 1.4 million shares crossed to the tune of Rs 138.6 million; its shares traded at Rs 99, Melstacorp 500,000 shares crossed for Rs 87.24 million; its shares traded at Rs 174.50, Sierra Cables two million shares crossed for Rs 68.2 million, its shares sold at Rs 34.30, Kingsbury 1.5 million shares crossed for Rs 31.8 million; its shares traded at Rs 21.20.

In the retail market companies that mainly contributed to the turnover were; Sierra Cables Rs 418 million (20 million shares traded), Royal Ceramics Rs 363 million (eight million shares traded), Colombo Dockyards Rs 323 million (1.7 million shares traded), ACL Rs 311 million (3.5 million shares traded), Renuka Agri Rs 149 million (12.3 million shares traded), Sampath Bank Rs 94.7 million (648,000 shares traded) and Bogala Graphite Rs 86.4 million (529,000 shares traded). During the day 122.8 million shares volumes changed hands in 34453 transactions.

Yesterday the rupee opened at Rs 310.00/25 to the US dollar in the spot market, weaker from Rs 310.00/310.20 the previous day, dealers said, while bond yields were broadly steady.

By Hiran H Senewiratne

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Atlas ‘Paata Lowak Dinana Hetak’ celebrates emerging artists nationwide

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Atlas, Sri Lanka’s leading learning brand, reaffirmed its purpose of making learning fun and enjoyable through the Atlas All-Island Art Competition 2025, which concluded with a gifting ceremony held recently at Arcade Independence Square under the theme ‘Atlas paata lowak dinana hetak’. Students from Preschool to Grade 11 showcased their talents across five categories, with all island winners receiving cash prizes, certificates, and gift packs. Additionally, merit winners in each category were also recognized. The event brought together students, parents, and educators, highlighting Sri Lanka’s cultural diversity, nurturing young talent, and reinforcing Atlas’s long-standing commitment to education, creativity, and building confidence among schoolchildren. The event concluded with the ‘Atlas Art Carnival’, which brought children and parents together through games and creative art activities in a fun and lively atmosphere.

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