Newly Established Waste Management Company Seeking Loan in Colombo, Sri Lanka

- The company operates in the waste management industry, specifically focusing on the processing and provision of rubber waste for pyrolysis plants and the manufacturing of wood pellets for use as biomass fuel in various industries.
- The business is located in Colombo and currently employs 2 individuals.
- The company has signed a Memorandum of Understanding (MoU) with a pyrolysis plant and a gloves company, indicating established partnerships and potential for growth in waste collection and delivery.
- The core operations involve the collection of rubber/tire waste, which is then delivered to the pyrolysis plant in exchange for payment based on weight. Additionally, the company manufactures wood pellets biomass for boiler users, catering to the renewable energy sector.
- The company has plans for future expansion, aiming to collect waste tires, process them, and explore export opportunities, potentially indicating a strategic shift towards international markets.
- The business currently processes approximately 20 tonnes of rubber waste per month, showcasing a consistent and sizable volume of waste management operations.
- Given the focus on sustainable waste management and renewable energy sources, the company is well-positioned to capitalize on the growing demand for eco-friendly waste solutions and alternative fuel sources.