As a part of a long term commitment on Environmental Sustainability Mr. Aelian Gunawardene, Managing Director of JAT Holdings (Pvt) Ltd and Mr. Chelan Goonetilleke, Chief Executive Officer of MAS Active Trading (Pvt) Ltd and their respective teams came together to sign a Chemical Leasing Agreement at Hilton Residencies, Colombo on the 15th of September 2017.
The objective of the agreement is to environmentally and economically optimize a chemical’s life cycle. A specification of the agreement is that the chemical supplier is paid for the usage area of chemicals and not the number of units of chemicals provided. The end user, in order to reduce cost will reduce the amount of chemicals used and opt to recycling at all possible instances.
Benefits of this agreement revolve around the chemical supplier, end user and the environment. As a result of the reduction in chemical consumption and waste, a considerable reduction in air and water pollution will occur. This induces a reduction in emission generated during the production process, leading to a low carbon footprint.
The low amount of chemicals used and the high amount of chemicals recovered, leads to a low cost of production. This value addition shared by both the supplier and the end user provides a dual economic advantage when applying the ChL business model.