Displaying items by tag: storage
Sri Lanka: Insee Cement has broken ground on its construction of a 45,000m3-capacity storage facility at Hambantota International Port. When commissioned in early 2023, the facility will store ground granulated blast furnace slag (GGBFS) for use in Insee Cement's cement production. Daily News has reported the cost of the facility's construction as US$3m. At 17,300m2, the Hambantota storage facility will be the largest warehouse at any port in Sri Lanka.
Insee Cement chair and CEO Nandana Ekanayake said "Hambantota Port is a vital link in our raw materials supply chain. Insee Cement has been using this port since 2018 and so far we have cleared around 1.7Mt of bulk cargo through the port, of which we did a little over 1Mt in 2021. Today, we laid this foundation as another step to strengthen our partnership with Hambantota International Port Group." Ekanayake concluded "We see great potential in developing channels through Hambantota International Port and we will double our investment in the future."
India: Union officials at the Rourkela Steel Plant (RSP) have asked for an investigation by the Central Bureau of Investigation (CBI) into an alleged fixing of the price of blast furnace granulated slag (BFGS). The RSP claims that it couldn’t sell its slag by electronic auction due to limited storage space, lack of rail transport logistics and low market price of BFGS, according to the New Indian Express newspaper. However, sources quoted by the newspaper say that the plant had sufficient storage space and that at least three times as much railway cargo capacity was available as the RSP has indicated. It is estimated that it undersold its product by at least US$15.5m. Union Tribal Affairs Minister Jual Oram has also accused the steelmaker of favouring local cement producer OCL India in the scheme.
