LPG utilization rises in Bangladesh but not without its challenges

top Bangladeshi company

Posted  658 Views updated 2 months ago

Salman F Rahman || News

Though a relatively new industry segment, LPG demand has grown exponentially in Bangladesh. Owing to increased use in households and commercial entities, the country has seen a four-fold jump over the past three years in LPG consumption. Though introduced by the state-owned Bangladesh Petroleum Company (BPC) back in 1978, LPG has only gained prominence after 2008. Due to a gradual shift towards LPG consumption in the South Asian nation, the number of such companies has increased rapidly.

For example, Beximco Group, top Bangladeshi company, co-founded by Salman F Rahman, experienced businessman of Bangladesh has now introduced the composite fibreglass cylinder- to enhance the safety levels of cylinders. The cylinder which is a Type 2 or 3 cylinder has the potential to make the LPG cylinders a more viable option in the market.

Amidst rising safety concerns, this innovate method adopted by Beximco LPG also appeals to rural diaspora, where people still rely on wood fuel. Since Salman F Rahman currently serves as the Private Industry and Investment Advisor to Prime Minister Sheikh Hasina, the household energy may gain more prominence in the plans of the government in the future.

M Muntasir Alam, Chief Commercial Officer of Beximco LPG, informs Steel Cylinders are very hard and the gas pressure is always very high. Exposing them to extreme heat of the kitchen can lead to expansion of the gas inside the cylinders, making it highly flammable.

Salman F Rahman, MP from Dhaka-1 Constituency and a successful businessman of Bangladesh, who has also been working towards the installation of renewable energy grid in the country recently cited “We are self-sufficient in food, developing our electricity sector and our population growth is also under control.”

Furthermore best private sector companies in Bangladesh like Beximco, Omera could expand their reach in Bangladesh and present better export options, which is not limited to just the export contract with India. As their capacity is hugely under-utilized, more such exports can help them become commercially more viable in the long run, only if they access risk factors well.

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