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Beximco Petroleum Limited, a concern of Beximco Group, has announced the purchase of the first LPG (Liquefied Petroleum Gas) carrying vessel in Bangladesh to travel on international waters with the National flag, the company said in a press statement yesterday.
The vessel, named BEXPETRO 1, with an LPG carrying capacity of 2700 MT will be the first Bangladeshi ship to directly procure LPG at source. This marks a major milestone not only for LPG operators in Bangladesh but also for the nation at large as this paves the way for a more cost-effective and efficient LPG supply chain.
Led by Captain Alexander Fajardo, BEXPETRO 1 is expected to arrive in Bangladesh with its first shipment of LPG by the first week of December 2017, added the statement. With two more vessels of similar capacity already in the pipeline, this is a stepping stone for Beximco Petroleum's strategic vision of becoming the premiere LPG operator in the country.
Beximco Petroleum, in collaboration with Index Power & Energy (A Beximco company), has already set up a state-of-the-art ISO 9001 certified LPG plant in Mongla with a capacity of 3000 MT. Expansion work is underway for an additional capacity of 3000 MT at Mongla; another LPG terminal of 5000 MT capacity is being set up at Narayanganj. With a robust sales and distribution network, Beximco Petroleum is ready to cater to the rapidly growing LPG demand in the country.