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CPC to expand refinery venture with US$ 2 5 billion investment

Pic: Sujatha Jayaratne by Sanath Nanayakkare Ceylon Petroleum Corporation (CPC) has initiated feasibility studies for a project which has been on the cards for a long time to expand its crude oil processing capacity at its Sapugaskanda plant up to 100,000 barrels per day, in order to boost its volume of refined petroleum products issued to the market. “A feasibility study aimed at determining the technical, operational, environmental and commercial scope of the planned 100,000-b/d expansion is underway with a focus on several proposals to enhance the refinery’s existing capacity,” CPC Chairman Sumith Wijesinghe told The Island Financial Review on Tuesday.

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