Bashundhara launches country's first bitumen plant

Author Topic: Bashundhara launches country's first bitumen plant  (Read 1211 times)

Offline hassan

  • Faculty
  • Hero Member
  • *
  • Posts: 501
    • View Profile
    • Google site
Bashundhara launches country's first bitumen plant
« on: February 22, 2020, 10:53:12 PM »
As of now, Bangladesh consumes five lakh tons of bitumen per annum, which is increasing by 10% to 15%


Bashundhara Group, a leading local conglomerate, on Saturday launched the country's first private bitumen plant at Pangoan of Keraniganj in Dhaka with a view to meeting the rising demand for bitumen in domestic market.

Finance Minister AHM Mustafa Kamal inaugurated plant as chief guest, where Ahmed Akbar Subhan, chairman of Bashundhara Group, was present. State Minister for Power, Energy and Mineral Resources Nasrul Hamid was present as special guest.

As of now, Bangladesh consumes five lakh tons of bitumen per annum, which is increasing by 10% to 15%.

With an investment of $200 million, the company has established the plant on 63 acres of land and the yearly production capacity will be nine lakh tons.   

"We did not have a bitumen solution which matches our weather. So our roads were not durable. Now Bashundhara has come up with a solution. We don't have to import anymore,” said AHM Mustafa Kamal.

"The company is also planning to export bitumen after meeting the country's demand. This is a big achievement for Bangladesh," he added.

Bitumen used in road construction is essentially a hydrocarbon product. It is a by-product of fuel oil which is used for road construction because it is easy to produce, reusable, non-toxic, and a strong binder.

“By 2021 we will become exporter of 4,00,000 tons, reaching the highest production capacity in Bangladesh with 9,00,000 tons annually,” said Ahmed Akbar Subhan, chairman of Basundhara Group.

"Apart from brightening the country's image in the global market, Bashundhara will do both saving and earning foreign currency for the country by exporting after meeting the demand of the country," he said.

At present, the demand for bitumen in the country is around five lakh tones, of which 90 percent is imported. The rest 10 percent is supplied by the state-run Eastern Refinery. The demand for bitumen is about 42,000 tonnes per month in Bangladesh.

Of these, Eastern Refinery under Bangladesh Petroleum Corporation (BPC) produces 70,000 tons of bitumen. The rest is imported from various countries in the Middle East.

At the launching program, M Shamim Z Basunia, former professor at Bangladesh University of Engineering, said that the penetration grade of Basundhara bitumen would be 60-70 which was suitable for the weather of Bangladesh.

“We were searching for this weather-friendly product for long. This grade bitumen is being used to construct our Padma Bridge,” he said.

He also said that this plant generated employment.

According to the project description, the bitumen plant has largest drumming capacity, capable of producing 6,000 drums daily.
Md. Arif Hassan
Assistant Professor
Department of Business Administration
Faculty of Business and Economics
Daffodil International University

Offline munna99185

  • Faculty
  • Hero Member
  • *
  • Posts: 573
  • Test
    • View Profile
Re: Bashundhara launches country's first bitumen plant
« Reply #1 on: February 23, 2020, 12:31:21 PM »
Thanks for sharing.

Sayed Farrukh Ahmed
Assistant Professor
Department of Business Administration
Faculty of Business & Entrepreneurship
Daffodil International University


Offline Shahnoor Rahman

  • Faculty
  • Sr. Member
  • *
  • Posts: 260
    • View Profile
Re: Bashundhara launches country's first bitumen plant
« Reply #2 on: February 26, 2020, 06:32:05 PM »
Thanks for Sharing.  :) :)

Shah-Noor Rahman
Assistant Professor
Business Administration

Offline sayma

  • Faculty
  • Sr. Member
  • *
  • Posts: 340
    • View Profile
Re: Bashundhara launches country's first bitumen plant
« Reply #3 on: February 27, 2020, 11:13:13 AM »
good to know..

Offline shahanasumi35

  • Faculty
  • Sr. Member
  • *
  • Posts: 347
    • View Profile
Re: Bashundhara launches country's first bitumen plant
« Reply #4 on: February 27, 2020, 11:19:39 AM »
Nice to know.
 
Shahana Kabir
Assistant Professor