S Alam Group Plan to Invest in Eastern Refinery Ltd’s Second Unit

Industry: Energy & Power, LNG
Company: S. Alam Group of Industries
Company Intelligence Tag: Business Insights

S Alam Group is set to participate in the construction of the second unit (ERL-2) of Chittagong’s Eastern Refinery Ltd. under a Public Private Partnership (PPP) framework. The initiative aims to boost the country’s annual crude oil processing capacity to 4.5 million tonnes, tripling the existing refining capacity. The project, expected to run from July 2023 to June 2028, awaits further discussions between the government and S Alam Group. While the precise construction cost remains undetermined, initial estimates suggest it could surpass 17 thousand crore rupees. S Alam Group’s interest in the energy sector project underscores its commitment to contributing to Bangladesh’s industrial landscape.

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