Dutch LPG firm to invest $600 mn in expansion

Visakhapatnam, Dec 13: Shv Energy South East Limited, a part of SHV Energy NV, a Dutch conglomerate, would be investing about 600 million d...

Visakhapatnam, Dec 13: Shv Energy South East Limited, a part of SHV Energy NV, a Dutch conglomerate, would be investing about 600 million dollars (Rs 200 crore) in India to expand their domestic, commercial and industrial markets.

The investment for constructing and developing port facilities, storage terminals and setting up bottling plants would be carried out in a phased manner in three year’s time, its director Niek Meyor told reporters.

The company would be supplying LPG under brand name super gas’ in cylinder capacity of 12 kg for domestic and 17 kg for commercial purpose. The company plans to have four bottling plants in Andhra Pradesh, one each at Kakinada, Vijayawada, Visakhapatnam and Hyderabad. The bottling plant at Kakinada has already become operational, Meyor said adding plants at Vijayawada and Hyderabad would be ready by March next year. It is also setting up storage terminals at Vizag, Porbander in Gujarat and Haldia.

The company distributes more than 5.5 million tonnes of LPG per annum in over 35 countries, he added.