Beximco Lpg

What Beximco Lpg does

Beximco LPG Unit-1 Ltd. is a Bangladesh-based liquefied petroleum gas distributor established in 2017 as a subsidiary of Beximco Group, one of the country's largest diversified conglomerates. The company was created to address the energy gap left by Bangladesh's depleting natural gas reserves and currently holds approximately 6% of the domestic LPG market. It serves residential households, industrial and commercial customers, the automotive/transport sector, and large real estate developments through four integrated product lines: composite fiberglass "Smart Cylinders" (the first such product introduced in Bangladesh), bulk LPG installations, cylinder reticulation systems, and autogas (vehicle LPG) refueling.

The company operates a vertically integrated supply chain anchored by the Mongla Plant on the Passur River, which combines a 3,000 MT storage terminal (expandable to 6,000 MT) with automated Kosan Crisplant bottling carousel technology and direct jetty access for the BEXPETRO 1 ocean tanker — Bangladesh's first LPG carrier vessel (2,700 MT capacity). A satellite bottling facility in Narshingdi (50 km from Dhaka) adds approximately 19,000 MT/year of production capacity. The company sells Smart Cylinders, autogas, bulk LPG, and reticulation systems under BERC-regulated pricing for cylinders and per-liter pricing for autogas, supplemented by direct B2B professional-services contracts for industrial installations and turnkey cylinder-bank systems.

Beximco LPG reaches customers through a hotline-driven direct sales and home-delivery model (16565), a national distributor network, 25 operational autogas stations (out of 500 franchise licenses), and channel partnerships with state-owned Padma Oil Company Limited (695 filling stations) and Jamuna Oil Company Limited (750 stations), each generating Tk 0.50 per liter royalty. In June 2020, RR Holdings Ltd. (the Beximco LPG holding company) executed a 50:50 joint venture with Indian Oil Corporation Middle East FZE to consolidate LPG assets, build a deep-water VLGC terminal, and expand into lubricants, LNG, petrochemicals, and renewable energy. The company achieved 20% year-over-year growth in 2022 despite negative sector-wide growth in Bangladesh's LPG industry.

Name

Beximco Lpg

Legal name

Beximco LPG Unit-1 Ltd.

Website

https://beximcolpg.com

Company type

Private

Founded year

2017

Operating status

Operating

Short description

Beximco LPG Unit-1 Ltd. is a Bangladesh-based LPG distributor serving households, industrial users, and automotive customers through composite fiberglass Smart Cylinders, bulk LPG installations, and autogas refueling. It is a Beximco Group subsidiary operating a 50:50 joint venture with Indian Oil Corporation.

Ownership category

akta.pro rank

Product category

LPG Distribution and Energy Solutions

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

LPG / NGL Terminals (Pressurized/ Refrigerated Gas) (TLAHABAK)

akta.pro secondary industries

NGL/LPG Export / Marine Terminal Connection Pipelines (TLAGAEAK), NGL/LPG Pipeline Pump/Compressor & Metering Stations Operations (TLAGAEAL)

Keywords

• LPG distribution services
• Composite LPG cylinders
• Autogas vehicle fuel
• Industrial bulk LPG supply
• Cylinder reticulation systems

Headquarters

HQ city

Model Town

HQ country

Pakistan

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Operations, Personnel, Marketing or Sales

Revenue model

1. Household LPG Cylinder Sales & Refills: Sale and refilling of 12KG and 22KG Smart Cylinders to residential consumers, priced at BERC-declared regulated prices with home delivery option.
2. Autogas (Vehicle LPG) Sales: Sale of LPG as vehicle fuel (autogas) through company-operated and franchise filling stations. Beximco LPG operates autogas pumps and has agreements with Padma Oil and Jamuna Oil to sell autogas through their registered filling station networks for a royalty per liter.
3. Bulk LPG Solutions for Industrial Customers: Turnkey industrial LPG installation, bulk supply, and commissioning services for commercial and industrial facilities including factories, ceramics, food processing, and manufacturing. Services include design, installation, and ongoing supply.
4. Cylinder Reticulation Systems: Centralized cylinder bank and bullet tank systems for large real estate housings, commercial buildings, and industries with design, installation, commissioning, and ongoing LPG supply.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels8 records

Core offering

Beximco LPG Unit-1 Ltd. supplies liquefied petroleum gas (LPG) in Bangladesh through composite fiberglass Smart Cylinders for households, bulk LPG solutions and cylinder reticulation systems for industrial and commercial customers, and autogas for vehicles through company-operated and franchise filling stations. The company operates an integrated supply chain from ocean-tanker LPG import (via BEXPETRO 1) to automated bottling at Mongla and Narshingdi plants, with home delivery and distributor networks serving end customers.

Product overview

Beximco LPG Unit-1 Ltd. offers an integrated LPG ecosystem with Smart Cylinders (composite fiberglass cylinders that are non-explosive, lightweight, and translucent) as the flagship household product, supported by Bulk LPG Solutions for industrial use, Cylinder Reticulation Systems for large facilities, Autogas for vehicle conversion, and Home Delivery Services. Infrastructure includes the Mongla Plant (primary bottling facility), Narshingdi Satellite facility, and the BEXPETRO 1 LPG carrier vessel.

Differentiator

Problem solved

Functional benefit

Products and services

• Beximco Smart Cylinder A 3-layer composite fiberglass and resin LPG cylinder for household use, offering non-explosive safety (withstands burst pressure twice that of steel, no BLEVE risk), translucency to view gas levels from outside, ~50% lighter than steel cylinders, rust-free and easily washable. Available in 12 KG and 22 KG sizes for residential customers at BERC-declared regulated prices.
• Bulk LPG Solutions Industrial and commercial bulk LPG supply service including design, installation, maintenance, and just-in-time delivery for burners, boilers, ovens, furnaces, kilns, generators, food production, ceramics, metalwork, and textiles. Targets factories, ceramics, food processing, and manufacturing plants requiring bulk LPG for heat, power, and process applications.
• Cylinder Reticulation System Centralized LPG storage system using cylinder banks or bulk tanks with pipeline distribution for uninterrupted gas supply in large real estate developments, commercial buildings, housing societies, and industrial facilities. Includes design, installation, commissioning, and ongoing LPG supply service.
• Autogas LPG fuel for vehicles offered as a cleaner, safer, and more economical alternative to petrol/CNG through company-operated and franchised autogas filling stations across Bangladesh, with vehicle conversion services for automobile LPG conversion.

Quantifiable outcome

• Smart Cylinder can withstand burst pressure twice as high as steel cylinders
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered minor, core and flagship / core.

• NDESSL (National Development Engineering Steel Structure Limited)minorImplementation/ SI/ Consulting Partner · 14 September 2021Agreement signed September 14, 2021, for Industrial Bulk LPG Installation and supply of Bulk LPG for NDESSL's industrial use at their Hot Dip Galvanization Plant in Paragaon (Borochala), Bhaluka. NDESSL switched to Beximco's green fuel (LPG) to protect the environment.
• Jamuna Oil Company LimitedcoreChannel Partner/ Reseller/ Distributor · 1 September 2021Agreement signed September 1, 2021, enabling Beximco LPG to set up LPG pumps and sell autogas through Jamuna Oil Company Limited's registered filling stations. Jamuna Oil (subsidiary of Bangladesh Petroleum Corporation) has a network of 750 filling stations. Both Jamuna Oil and BPC each receive Tk 0.50 royalty per liter sold. Beximco LPG holds 500 franchise licenses for autogas stations and 25 for conversion workshops.
• Padma Oil Company LimitedcoreChannel Partner/ Reseller/ Distributor · 6 September 2020Agreement signed September 6, 2020, enabling Beximco LPG to set up LPG pumps and sell autogas through Padma Oil Company Limited's registered filling stations. Padma Oil (subsidiary of Bangladesh Petroleum Corporation) has a network of 695 filling stations. Both POCL and BPC receive Tk 0.50 royalty per liter of LPG sold. Beximco already had 9 autogas pumps operational with 45 more in the pipeline at the time of the agreement.
• Indian Oil Corporation (IOC) Middle East FZEflagship / coreStrategic or Co-development Partner · 30 June 202050:50 Joint Venture Company (JVC) established between IOC Middle East FZE (wholly-owned subsidiary of Indian Oil Corporation — India's largest refiner and petroleum products marketer) and RR Holdings Ltd. (holding company of Beximco LPG). Signed June 30, 2020, to create a joint venture for LPG business in Bangladesh. The JVC plans to acquire Beximco's existing LPG assets, set up a large LPG terminal at a deep-water port for VLGC receipt, and diversify into lube blending, LNG, petrochemicals, and renewable energy. IOC brings hydrocarbon sector expertise; Beximco provides local market knowledge and customer relationships.
• GE Power (General Electric Company)flagship / coreStrategic or Co-development Partner · 10 July 2018MoU signed July 10, 2018, for establishing Bangladesh's first LPG-based power plant to generate 150 MW of electricity. Beximco signed with GE Power at the Beximco corporate office. The power plant would add a new dimension to Bangladesh's power sector using alternative fuel (LPG) as opposed to natural gas, coal, and oil-based generation.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• SHV Energy: World's largest LPG distributor, operating across Europe, Asia and the Americas. Comparable as a multi-region LPG marketing, bottling and autogas player; provides a global benchmark for Beximco's vertically integrated model.
• Indian Oil Corporation (IOC): India's largest refiner and a major LPG marketer (Indane brand). IOC is Beximco's 50:50 JV partner, and Indane represents the most directly comparable LPG marketing operation by scale, bottling infrastructure, and distribution depth in a South Asian market.
• TotalEnergies (LPG downstream): Global integrated energy major with an LPG / downstream footprint including the Confidence Bangladesh business. Comparable as a large incumbent with capital strength, deep-water procurement, and regulatory relationships that Beximco also pursues via its IOC JV.

Others

• Petredec (LPG shipping): World's largest LPG vessel owner/operator. Comparable as the upstream shipping supplier enabling Beximco's BexPetro 1 marine operations — instructive benchmark for LPG transportation economics and VLGC fleet deployment relevant to Beximco's planned IOC JV deep-water terminal.

Direct peers

• Omera LPG (Energypac): Bangladesh's largest LP gas operator by market share, part of the Energypac Group. Directly competes in household bottling, autogas, and bulk LPG supply, with comparable nationwide distribution and state-aligned partnerships.
• Confidence LPG (TotalEnergies Bangladesh): Part of the Confidence Group with TotalEnergies' downstream footprint in Bangladesh. Competes in household LPG cylinders and bulk supply with global energy major backing, similar to Beximco's IOC-backed positioning.
• Bashundhara LP Gas: One of the largest LPG marketers in Bangladesh, owned by Bashundhara Group. Competes directly with Beximco LPG in household cylinders, autogas, and bulk industrial supply within the same BERC-regulated market.

Regional players

• Bharat Gas (BPCL): Public-sector Indian LPG marketing arm of Bharat Petroleum, one of the two dominant household cylinder brands in India. Comparable as a large-scale state-affiliated LPG marketer with deep distribution and autogas infrastructure, complementary to IOC's Indane.
• Flogas: UK and Ireland LPG bulk and bottled gas distributor owned by DCC Energy. Comparable in LPG cylinder marketing, bulk delivery, and autogas offerings within a developed European market — useful reference for Beximco's retail and bulk industrial operations.

Emerging players

• SmartGas (Confidence Petro): Indian composite-cylinder LPG player offering lightweight, translucent cylinders for auto and domestic LPG applications. Closest functional analog to Beximco's Smart Cylinder product line, suggesting an emerging regional format for non-metal LPG cylinders.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Beximco Lpg