POS Bio-Sciences partners with Apeiron to develop essential oil facility in Sri Lanka
Canada-based bioprocessing firm POS Bio-Sciences has partnered with Apeiron Lanka to develop a manufacturing facility in Sri Lanka to extract pure essential oil.
The last few years has seen the market for essential oils grow significantly due to its various utilities.
Extracted from plant roots, seeds, flowers, leaves and tree bark, the essential oils are used as additives in food flavourings, fragrances, personal care products, air fresheners, pharmaceutics and massage therapy.
They are also effective as insect repellents and antimicrobial products.
Apeiron Lanka Limited chairman and managing director Ashoka Siriwardena said: “Sri Lanka, a tropical country with ample rainfall and rich soil conditions, is blessed with valuable agricultural products of premium taste and quality.
“Our customers will benefit from the high-quality plant extract products, tailor-made by POS technologies to suit unique needs.”
The new facility will procure raw materials from Sri Lankan farmers and employ local people.
POS Group of Companies president and CEO Dale Kelly said: “We see a lot of opportunity and potential here thanks to Free Trade agreements with neighbouring countries, including India, Pakistan, Bangladesh and Maldives. Plus, easily accessible raw materials and access to internationally and locally owned independent testing facilities will help ensure quality products.”
The facility is expected to become operational by the end of this year.