Maxtherm Lanka (Pvt) Ltd, a leader in sustainable thermal energy solutions, has successfully helped Sri Lanka to save over US$600 million in foreign exchange by significantly reducing the country’s dependence on imported fossil fuels. Founded by experienced engineers, Gaya Siriwardhana and Ajantha Muhandiram 14 years ago, the company has consistently pioneered technologies that improve energy [...]

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Maxtherm saves $600 m through sustainable innovations

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Maxtherm Lanka (Pvt) Ltd, a leader in sustainable thermal energy solutions, has successfully helped Sri Lanka to save over US$600 million in foreign exchange by significantly reducing the country’s dependence on imported fossil fuels.

Founded by experienced engineers, Gaya Siriwardhana and Ajantha Muhandiram 14 years ago, the company has consistently pioneered technologies that improve energy efficiency and integrate renewable sources across Sri Lanka’s industrial landscape, it said in a media release.

Biomass steam boiler

Specialising in steam boilers, hot water generators, and customised thermal systems, Maxtherm provides turnkey solutions to key sectors such as tea, rubber, apparel, food and beverage, sugar, and fisheries. The company manages every stage of project execution, from design to commissioning, ensuring optimal performance and sustainability.

Through innovative system designs, Maxtherm has achieved exceptional efficiency gains, enabling factories to generate more than 4 kg of steam from just 1 kg of locally available biomass, including firewood, sawdust, rubber seeds, cashew shells, and coconut husks. In tea processing, their advanced boilers have proven capable of producing 2 kg of made tea from 1 kg of biomass.

A landmark innovation by Maxtherm is their solar-concentrated steam generation system, which uses large parabolic mirrors to focus sunlight and generate thermal energy with minimum fuel burning. Following successful pilot tests, the company plans to roll out this technology in full-scale to industrial clients in due course.

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