LPG Ventures

What LPG Ventures does

LPG Ventures is a privately held, founder-owned industrial manufacturer and service provider founded in 1995 by John Baanders, headquartered in a 60,000-square-foot integrated fabrication facility in Kearney, Missouri. The company designs, fabricates, modifies, transports, and recertifies ASME pressure vessels for propane (LPG), natural gas liquids (NGL), and ammonia (NH3) applications across North America, with vessel capacity up to 120,000 gallons. Its product portfolio spans new and used tank sales, portable and skid-mounted tanks, pre-cast concrete tank piers, propane-air / SNG vaporizer systems, complete plant and terminal construction (including the 2022 NGL terminal in Michigan and the 2025 Blackfoot, Idaho propane terminal), plant acquisition and disposal services, and DOT-certified cargo tank testing for MC 330/331 transport trailers.

The business operates on a multi-stream B2B model combining project-based hardware sales (custom quotes for vessels and terminals), professional services (engineering, fabrication, modification, transportation, recertification), and parts/equipment distribution through master agreements with Fisher (Emerson) for regulators and valves and Corken for pumps and compressors. Competitive positioning rests on a rare stack of industry credentials — ASME U-Stamp, National Board R-Stamp, DOT cargo-tank facility, NFPA, and 6G weld certification for all welders — which together function as a regulatory moat, supplemented by in-house engineering (SolidWorks 3D plant design), a fully enclosed blast-and-paint system, an in-house concrete batch plant, and specialized transportation fleets capable of moving 120,000-gallon vessels anywhere in North America. Go-to-market is sales-led and relationship-driven, anchored on a repeat-customer base and supported by participation in industry events such as NPGA Southeastern and International Propane Expos, a company newsletter, and structured content marketing.

The customer base spans propane marketers and distributors, ammonia operators (agricultural and industrial), NGL midstream companies, government and utility buyers of stand-by and peak-shaving fuel systems, and industrial gas end-users. Notable customers include Trade & Industrial Supply, Propane Ninja, a Pecos Texas gas processing plant, Wright Memorial Hospital, Project Services Inc., and Ray Carroll COOP. The company reports that the majority of its business comes from repeat customers and referrals, and employs between 11 and 50 people, with ongoing hiring across welding, field service, and driving roles.

Name

LPG Ventures

Legal name

LPG Ventures

Website

https://lpgventures.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

LPG Ventures is a founder-owned, Kearney Missouri-based manufacturer and service provider founded in 1995 that designs, fabricates, modifies, transports, and recertifies ASME pressure vessels up to 120,000 gallons for propane, NGL, and ammonia customers across North America.

Ownership category

akta.pro rank

Product category

Industrial Pressure Vessel & Storage Tank Manufacturing

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Metal Tank (Heavy Gauge) Manufacturing (33242)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

NGL/LPG Pipeline Storage & Terminaling (Caverns, Bullet Tanks, Tank Farms) (TLAGAEAM)

akta.pro secondary industries

NGL/LPG Storage & Fractionation Terminals (TLAGAKAE), LPG / NGL Terminals (Pressurized/ Refrigerated Gas) (TLAHABAK)

Keywords

• LPG storage tanks
• Pressure vessel fabrication
• Plant terminal construction
• Propane tank manufacturing
• Industrial gas equipment

Headquarters

HQ city

Kearney

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. New Tank Manufacturing & Sales: Manufacture and sale of new ASME storage vessels up to 120,000 gallons. Stock sizes include 12k, 18k, 30k, 48k, 60k and 90k gallons with custom fabrication capabilities.
2. Used Tank Sales & Tank Inventory: Sale of refurbished and used tanks with various capacities and pressure ratings. Includes tank trading and exchange programs.
3. Plant & Terminal Construction Services: Turnkey design/build solutions for LPG, NGL & NH3 storage plants and terminals including engineering, construction, and commissioning.
4. ASME Tank Modifications & Repair: Tank repair, modification, recertification services using National Board R-Stamp certification. Includes bringing tanks up to contemporary standards.
5. Transportation & Delivery Services: Delivery of tanks up to 120,000 gallons anywhere in North America using specialized carriers. Includes crane services and pre-cast pier delivery.
6. Vaporizer & SNG Systems: Design and installation of propane-air systems for standby and peak shaving applications, creating synthetic natural gas.
7. Plant Acquisitions & Disposal: Buying and selling complete plants and equipment, including site dismantling, environmental remediation, and asset disposal services.
8. Cargo Tank Testing & Inspection: DOT certified cargo tank repair and inspection services for MC 330 & 331 propane cargo trucks and trailers.
9. Parts & Equipment Distribution: Master distributor for Fisher Regulators & Valves and Corken Pumps & Compressors. Also sells piping kits and other equipment.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

LPG Ventures manufactures and sells ASME-certified propane (LPG), ammonia (NH3), and natural gas liquids (NGL) storage tanks with capacities up to 120,000 gallons from its 60,000-square-foot fabrication facility in Kearney, Missouri. The company also delivers turnkey plant and terminal construction, tank modifications and R-Stamp-certified repairs, specialized transportation, cargo tank testing, pre-cast concrete piers, vaporizer/SNG systems, and parts distribution to propane marketers, ammonia operators, industrial gas companies, and government/utility customers across North America.

Product overview

LPG Ventures offers a comprehensive portfolio of NGL, LPG, and NH3 storage solutions centered around tank sales, fabrication, installation, and maintenance services. The core offering consists of new tank manufacturing and an extensive used tank inventory, complemented by full-service plant and terminal construction capabilities. The product line includes portable/skid tanks, pre-cast concrete piers, vaporizer/SNG systems, and cargo tank testing services. Transportation services and tank purchasing/recycling services complete the lifecycle offering. All services are unified under LPG Energy Services branding, with the company operating from a 60,000-square-foot facility featuring fabrication, blasting, paint, and concrete batch capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• New Tank Manufacturing Manufactures new ASME Section VIII, Division I certified storage vessels for NGL, LPG, and NH3 with capacities up to 120,000 gallons, produced at the 60,000-square-foot Kearney, Missouri fabrication facility in stock sizes of 12k, 18k, 30k, 48k, 60k, and 90k gallons with custom fabrication available.
• NGL Storage Tanks Natural Gas Liquids (NGL) storage tanks with up to 120,000-gallon water capacity, including slug catchers, sold to midstream gas processing customers.
• Plant & Terminal Construction Full-service propane and ammonia plant construction and terminal solutions from initial design through startup and commissioning, including bulk plants up to multi-million-gallon terminals using in-house SolidWorks 3D plant engineering.
• Plant Acquisitions & Disposal Complete plant acquisition, dismantling, and disposal services including excavation, removal, environmental remediation, and asset disposal of bulk storage tanks and facilities.
• Tank Inventory (New and Used) Extensive inventory of new and used ASME/LPG tanks available for purchase in sizes ranging from 12k to 90k gallons, with tank trading and exchange programs.
• Vaporizer / SNG Systems Custom Propane-Air Plants and Synthetic Natural Gas (SNG) systems engineered for Base Load, Stand-by, and Peak Shaving applications that replace or supplement natural gas supply for utilities and large gas consumers.
• Portable / Skid Tanks Portable and skid-mounted LPG storage solutions including custom skid tanks and Porta-Pak units for temporary or permanent installations, with integrated bulkheads and pumps.
• Pre-Cast Concrete Piers Factory-built concrete tank piers in multiple sizes (PIER 60 through PIER 131) for horizontal storage tanks, constructed with 5,000# concrete and 1/2" rebar on 12" centers for precision tank foundations.
• Transportation Services Specialized propane tank transportation delivering tanks up to 120,000 gallons anywhere in North America using specialized carriers with crane services for safe delivery and pre-cast pier delivery.
• Cargo Tank Testing & Inspection USDOT certified cargo tank repair facility offering inspection, repair, and maintenance for MC 330 & 331 propane cargo trucks and trailers, including V, K, I, P, T, and UC tests.
• ASME Tank Modifications & Repair Propane and ammonia tank repairs and modifications authorized under National Board R-Stamp certification, with mobile on-site repair capability, re-rating, recertification, and DOT annual inspection services.
• We Buy Tanks Tank purchasing and recycling service buying any ASME/DOT storage tanks with multiple deal structures including cash purchase, asset exchanges, brokerage agreements, site recovery, and trade-ins.
• LPG Products Catalog Full product catalog containing the complete inventory of tanks, equipment, parts, and piping kits available for wholesale and retail customers, including Fisher regulator/valve and Corken pump/compressor lines.

Quantifiable outcome

• Peak shaving systems can reduce natural gas costs by up to 40% or more by enabling interruptible service
• +2 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Three partnerships are on record, tiered core.

• Fisher & EmersoncoreStrategic or Co-development Partner · 1 May 202610-year strategic partnership recognizing LPG Ventures as a valued service provider in the LP-Gas industry. Fisher (now part of Emerson) manufactures regulators and valves, with LPG Ventures serving as a recognized partner.
• Fisher Regulators & ValvescoreChannel Partner/ Reseller/ DistributorMaster distributor relationship for Fisher Regulators & Valves, providing LPG Ventures access to premium equipment for resale to propane industry customers.
• Corken Pumps & CompressorscoreChannel Partner/ Reseller/ DistributorMaster distributor relationship for Corken Pumps & Compressors, enabling LPG Ventures to provide comprehensive pump and compressor solutions alongside tank installations.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Worthington Industries: Publicly traded pressure cylinder and tank manufacturer (NYSE: WOR) producing propane tanks, pressure vessels, and cryogenic containers at far greater scale. Overlaps directly with LPG Ventures' core tank manufacturing and distribution business across propane and industrial gas end markets.
• Chart Industries: Large publicly traded manufacturer of cryogenic and bulk storage equipment for industrial gas, energy, and LNG applications (NYSE: GTLS). Overlaps with LPG Ventures on NGL/LPG storage and terminal equipment, but operates at significantly larger scale and across a broader product portfolio.
• McDermott International (formerly CB&I Storage Solutions): Major global EPC contractor for energy infrastructure including storage terminals for LNG, NGL, and refined products. Overlaps with LPG Ventures on terminal construction projects but operates at much larger scale across the full EPC value chain.

Direct peers

• Modern Welding Company: Privately held custom fabricator of ASME pressure vessels, storage tanks, and structural steel for industrial markets. Directly comparable to LPG Ventures in custom ASME tank manufacturing and industrial storage solutions for similar end customers.
• Tank Connection: Privately held manufacturer of bolted and welded storage tanks serving industrial, energy, and water markets. Comparable to LPG Ventures in bulk storage tank manufacturing, although it primarily uses bolted tank construction rather than welded pressure vessels.
• CP Industries: Manufacturer of large ASME pressure vessels for industrial gas, petrochemical, and energy storage applications. Direct peer to LPG Ventures in heavy-gauge ASME pressure vessel fabrication for propane, NGL, and ammonia service, with comparable manufacturing scale.
• Kennedy Tank & Manufacturing: Custom manufacturer of storage tanks, pressure vessels, and process equipment for industrial customers. Directly comparable to LPG Ventures in custom ASME pressure vessel fabrication and field-erected storage for similar industrial end users.
• Mississippi Tank Company: Family-owned manufacturer of API 650 storage tanks and custom pressure vessels for petroleum, chemical, and industrial markets. Comparable to LPG Ventures in custom storage tank manufacturing for energy and industrial customers.
• Tarsco: Manufacturer and field constructor of bolted and welded storage tanks for petroleum, chemical, and industrial applications. Comparable to LPG Ventures in field-erected bulk storage tank construction and terminal project delivery.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks3 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lpg-ventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LPG Ventures