BOC Gases

What BOC Gases does

Industrial and Medical Gases Nigeria Plc (IMG, formerly BOC Gases Nigeria Plc) is a Nigerian-based producer and distributor of industrial, medical and specialty gases. The company was established in 1959 as Industrial Gases Limited, rebranded to BOC Gases Nigeria Plc in 1997 following partial acquisition by The Linde Group AG in 2006, and adopted its current name and 'Greater Heights' identity in December 2021 after transitioning to predominantly Nigerian ownership. It manufactures and distributes oxygen, nitrogen, carbon dioxide, acetylene, helium, hydrogen, propane, medical nitrous oxide and specialty/refrigerant gases via three production plants in Lagos, Port Harcourt and Kaduna, supported by regional branches and an owned logistics fleet.

Core technology centres on air separation units (ASU), CO2 liquefaction plants (600 kg/hr commissioned 1984; 1,000 kg/hr commissioned 2004), and a 13 tpd merchant ASU commissioned in Port Harcourt in 2014. Medical oxygen is produced under GMP/GDP protocols and the CO2 production, storage and distribution system is certified to FSSC 22000v5.1 for food/beverage applications and to ISBT for beverage-grade CO2. The company augments gas supply with engineering services: medical and laboratory gas pipeline design and installation, bulk storage tank construction, purging/inerting services, and after-sales technical support including calibration and safety training.

Revenue is generated through B2B enterprise sales of gases in cylinder and bulk forms to industrial manufacturing, healthcare, oil & gas, food & beverage, fabrications and automotive customers, supplemented by engineering services and installation/maintenance contracts. The company describes itself as the only listed entity in its sector on the Nigerian Stock Exchange (NGX:IMG) with a market capitalisation of N10.24 billion (mid-2024) and a 65-year track record. Distribution is direct via the company's own fleet and customer pickup at production sites; pricing is quote-based by gas type, volume and contract terms. Named enterprise customers referenced in company materials include Dangote Group, Total Nigeria, Nigerian Breweries and MedPlus Ltd.

Name

BOC Gases

Legal name

Industrial and Medical Gases Nigeria Plc

Website

https://img-ng.com

Company type

Public

Founded year

1959

Operating status

Operating

Headcount range

51–100 employees

Short description

Industrial and Medical Gases Nigeria Plc (formerly BOC Gases) is a Nigerian manufacturer and distributor of industrial, medical, food-grade and specialty gases via production plants in Lagos, Port Harcourt and Kaduna, serving enterprise customers in manufacturing, healthcare, oil & gas and food & beverage sectors.

Ownership category

akta.pro rank

Product category

Industrial Gases

NAICS

Industrial Gas Manufacturing (32512)

akta.pro primary industry

Medical & Healthcare Gases (IMAEACAF)

akta.pro secondary industries

Food & Beverage Gases (Carbonation/Freezing/Packaging) (IMAEACAI), Specialty & Calibration Gas Mixtures (IMAEACAE), Anesthesia & Respiratory Gas Delivery Equipment (Breathing Circuits, Vaporizers, Gas Mixers) (HLAHAGAK)

Keywords

• Industrial gas supply
• Medical gas distribution
• Gas pipeline engineering
• Food grade gases
• Welding gas products

Headquarters

HQ city

Oshodi

HQ country

Nigeria

HQ region

Africa

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Industrial Gases Sales: Sale of industrial gases including oxygen, nitrogen, argon, acetylene, CO2, helium, hydrogen, and specialty gases in cylinder and bulk forms. Revenue generated from product sales to manufacturing, construction, oil and gas, and other industrial sectors.
2. Medical Gases Sales: Supply of medical-grade gases including medical oxygen, nitrous oxide, and medical air to healthcare facilities and hospitals. Critical healthcare service with regulatory compliance requirements.
3. Engineering and Installation Services: Customer engineering services including bulk storage installation, medical and laboratory gas pipeline system design and installation, and inerting/purging services for industrial and healthcare clients.
4. Maintenance and After-Sales Support: Installation and maintenance services for medical/healthcare pipeline systems, safety and risk management services, technical support for gas equipment, and analytical services on gases and cylinders.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Industrial and Medical Gases Nigeria Plc (formerly BOC Gases Nigeria Plc) manufactures and distributes industrial, medical, and specialty gases including oxygen, nitrogen, carbon dioxide, dissolved acetylene, helium, propane, hydrogen, and argon in cylinder and bulk forms. The company also delivers customer engineering services such as medical gas pipeline design and installation, bulk storage installation, safety and risk management, and after-sales technical support for healthcare and industrial clients across Nigeria.

Product overview

Industrial and Medical Gases Nigeria Plc (formerly BOC Gases Nigeria Plc) operates as a manufacturer and distributor of industrial, medical, and specialty gases. The product portfolio centers on core gas products including Oxygen, Nitrogen, Carbon Dioxide, Propane Gas, Helium Gas, and Dissolved Acetylene, supplemented by bulk CO2 and ASU offerings, scientific gases, refrigerants, and medical nitrous oxide/Enthonox. The company also offers a comprehensive suite of engineering services including Customer Engineering Services (bulk storage installation, medical pipeline design), Installation and Maintenance Services, After Sales Technical Support, and Safety and Maintenance Services. The company holds ISO9001:2015 and FSSC22000v.5.1 certifications and supplies gases to sectors including oil & gas, medical/pharmaceuticals, automobiles, food & beverages, and manufacturing.

Differentiator

Problem solved

Functional benefit

Products and services

• Oxygen
• Nitrogen
• Carbon Dioxide
• Propane Gas
• Helium Gas
• Dissolved Acetylene
• Bulk CO2 and Air Separation Unit (ASU) Supply
• Scientific Gases and Refrigerants
• Medical Nitrous Oxide and Enthonox
• Gas and Arc Welding Products
• Customer Engineering Services
• Installation and Maintenance Services
• After-Sales Technical Support and Maintenance
• Safety and Maintenance Services

Named customers4 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

Feature3 records

Scale indicators6 records

Recent moves15 records

Expansion highlights5 records

Others

• Dangote Group (Manufacturing customer): Africa's largest industrial conglomerate and confirmed IMG customer for engineered gas solutions. Relevant as a downstream buyer benchmark and as an indicator of large-scale industrial gas demand in cement and manufacturing.
• Nigerian Breweries (F&B customer): Major Nigerian brewing company and confirmed IMG customer for CO2 risk-management services. Relevant as a downstream indicator of F&B gas demand and as a reference customer comparable to IMG's full customer roster.

Direct peers

• Air Liquide Nigeria: Nigerian subsidiary of Air Liquide, a global industrial gas major. Directly competes with IMG in the Nigerian industrial and medical gas market, offering overlapping products (oxygen, nitrogen, argon, hydrogen, CO2) to similar enterprise customers with multinational balance-sheet support.
• Global Gases Group / Global Offshore Gases Nigeria: Niche industrial and specialty gas supplier active in Nigeria and West Africa. IMG's GM Sales & Marketing (Akinsola Abegunde) previously led Global Offshore Gases Nigeria's expansion into Ghana, Congo, and Mozambique, indicating direct overlap in specialty gas blending and offshore/diving gas applications.

Regional players

• Cryogas Engineering & Technologies: African cryogenic and industrial gas equipment/distribution specialist serving regional markets. Comparable as a regional competitor with overlapping ASU, CO2, and bulk gas supply capabilities focused on emerging-market customers.

Broad incumbents

• Messer Group: Global privately-held industrial gas company operating across Africa. Comparable as a multinational competitor with similar product breadth (industrial, medical, specialty gases) and emerging-market go-to-market approach.
• Linde plc: Former 60% parent of IMG and a global industrial gas leader. Continues to operate its own Nigerian industrial gas business following IMG's transition to a Nigerian-owned entity, competing head-to-head while also being the source of IMG's former operating standards and customer pipeline.
• Air Products: Global industrial gas incumbent with West African presence. Comparable as a large-scale competitor supplying oxygen, nitrogen, hydrogen, and specialty gases to oil & gas, healthcare, and manufacturing customers across emerging markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/imgases
• YouTubeyoutube.com/channel/UCNVBpcVW1WHKItJMpdTqgWA
• LinkedInlinkedin.com/company/industrial-medical-gases-nigeria-plc

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 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 BOC Gases