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Profitable Investment Opportunity in LPG Filling Plant

Wednesday, July 4, 2018

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Profitable Investment Opportunity in LPG Filling Plant, LPG Gas Cylinder Filling Plant

 

Liquefied petroleum gas, or LP gas is one of the most common alternative fuels used in the world today. In fact, in many places, it isn’t an alternative fuel at all. LP gas is the mainstay for heating and cooking in certain areas of India and some rural areas of the United States.

LPG is a mixture of commercial butane and commercial propane having saturated and unsaturated hydrocarbons. LPG is gaseous at normal atmospheric pressure, but may be condensed to the liquid state at normal temperature, by the application of moderate pressures. Liquefied petroleum gas {LPG} is a flammable mixture of hydrocarbon gases used as a fuel in heating appliances and vehicle. LPG is synthesized by refining petroleum or “wet” natural gas, and is almost derived entirely from fossil fuel.

LPG Cylinder is an essential item for filling liquefied petroleum gas used for cooling purpose. The body of LPG cylinder is deep drawn in two pieces then these are welded together to make a compact unit without any leak and defect etc. LPG cylinders are in use in 5 Kg., 12 Kg., 14.2 Kg. & 19 Kg. capacities.

LPG is primarily used as a thermal fuel and is consumed by industrial, commercial and household consumers. It burns cleanly, releasing very few sulphur emissions, and posing no ground or water pollution hazards. There are over a thousand applications of LPG particularly in commercial and industrial businesses. In particular, LPG is used in the following industries:

1. Industrial customers:for heating purposes where a readily controlled temperature is needed, i.e. motor vehicle paint shops or as fuel for fork lift trucks within warehouses etc.

2. Commercial:This includes, for example, a shopping centre with a number of restaurants which may have one bulk tank with LPG reticulated to individual restaurants/stores.

3. Autogas: LPG can also be used to power motor vehicles. Vehicles that use autogas are fitted with two fuel tanks, one for autogas and another for petrol/diesel. The vehicle can therefore switch between autogas and petrol/diesel at any time.

4. Households: LPG is mainly used by households for heating and cooking. Recently, residential estates have also started installing LPG reticulation systems supplying gas into the different properties inside these estates.

LPG bottling plant is a plant where LPG is filled into bottles (cylinders) for storage and distribution among various LPG distributors. The plant has the facility to receive bulk LPG by Tank trucks (of various capacities e.g. 12MT, 17MT etc) or pipeline from a reliable source e.g. Refinery or any other LPG Bottling Plant.  After receipt of Bulk LPG, filling of LPG into cylinders is done.

A key factor influencing the type and size of filling plant will be where the demand for LPG is in the country. In emerging markets this may be difficult to assess and that might influence the choice to look at temporary facilities such as containerized filling. These can be used to sustain a growing market until such time that a more permanent facility can be justified.

Global Liquefied Petroleum Gas (LPG) market is projected to witness enormous growth due to wide adoption of LPG as a cooking gas from residential sector replacing other cooking fuels. Further, favorable government initiatives especially in key consuming economies of Asia Pacific such as China, India and Indonesia to promote LPG as the cooking fuel with the focus to substitute conventional cooking fuels such as coal, kerosene and wood is anticipated to drive the demand for Liquefied petroleum gas (LPG) during the forecast period. Further, low greenhouse gases emission characteristics of LPG influencing governments to promote the adoption of LPG as auto fuel. This in turn is projected to drive the demand for LPG over the forecast period. However, volatile crude oil and natural gas price is expected to remain the key challenge for the global liquefied petroleum gas (LPG) market during the forecast period (2016-2024).

In terms of end-use, the segments into which the global LPG market is divided are petrochemical and refinery, transportation, residential and commercial, industrial, and others. Of them, the segment of residential and commercial led in 2013 with a share of over 60% in the market.LPG is majorly used as a cooking fuel and also for lighting and eating in the residential and commercial segment.

LPG consumption in India is forecast to surpass 35 MMT by FY26. North region dominated India LPG market over the past few years, and is further forecast to continue dominating the market through FY26. North region comprises several LPG bottling plants, oil refineries and petrochemical plants. Moreover, residential segment accounted for a lion’s share in India LPG market in FY16, and the segment is anticipated to continue dominate the market through FY26. This is anticipated to boost adoption of LPG in various end user segments across the country.

LPG

Demand : Past and Future

Year

(In Million Metric Tonne)

1990-91

2.42

2000-01

7.02

2001-02

7.73

2002-03

8.35

2003-04

9.30

2004-05

10.20

2005-06

10.70

2006-07

10.95

2007-08

11.50

2008-09

12.10

2009-10

13.05

2010-11

14.22

2011-12

15.34

2012-13

16.12

2011-14

16.64

2014-15

18.21

2015-16

19.47

2016-17

20.81

2017-18

22.25

2018-19

23.78

2019-20

25.42

2024-25

38.04

 

 

See more

https://goo.gl/j4CNPe

https://goo.gl/WWQ9d6

 

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New Delhi-110007, India.

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Website: www.entrepreneurindia.co  , www.niir.org

 

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