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Seacom, TK to invest Tk 1,350cr in LPG sector


Bangladeshpost
Published : 22 Oct 2020 08:30 PM | Updated : 23 Oct 2020 06:29 PM

Md Srabon, Mongla

Delta LPG Limited has taken up a project to invest Tk 1,50 crore in Liquefied Petroleum Sector and the company has already invested Tk 650 crore in storage and cylinder manufacturing plants in Dhaka and Mongla, officials said.

It is learnt, under the joint initiative of TK Group and the Seacom Group, Delta LPG Limited with its own full-fledged jetty and terminal, received the no objection certificate from the Energy and Mineral Resource Division on October 7. The initiatives are likely to create 500 high skilled jobs more higky persons will be employed. 

The Cylinder Manufacturing Plant has a capacity of producing 3,000 cylinders (LPG bottles) per day and the storage plant is with a capacity of 6,000 tonnes of gas with 200,000 tonnes of supply capacity annually. 

At present 27 companies hold LPG licenses but only 19 are now in operation from which nearly one million tonnes of gas are supplied for cooking purposes.  Managing Director of Seacom Group and Delta LPG Limited, former Director of FBCCI and Chittagong Chamber of Commerce and Industry Limited said, ‘The sector is highly competitive but we are trying to render the best service ar the shortest possible time.”

“We enter into the market from January this year and start production of LPG on an experimental basis. However, Corona pandemic has thwarted our commercial activities,".’

He further mentioned, Delta LPG has taken up a plan to set up 500 autogas stations across the country. The Company has now the arrangement of storing some 6,000 tonnes of LPG in Mongla and in Dhaka. Moreover, there is a terminal with a jetty for commercial ships at Mongla.

Shah Newaz, Plant Manager of Delta LPG informed, the company is planning to set up a storage plant with a capacity of 12,000 tonnes at a cost of Taka 700 crore in Chittagong. He further mentioned, the company can produce nearly 30,000 cylinder bottles daily and can supply 200,000 metric tonnes of LPG annually. To the retailers, the company has been supplying 12.5 kg, 15 kg, 3 kg and 45 kg capacity LPG bottles at present.