Historically, gasoline, kerosene and diesel were mostly used as fuels. Nowadays, Liquefied petroleum gas (LPG) offers economical a low emission solution for transition to green energy. This gas can be used for transport (trucks, cars, buses and ships) and for stationary power. As per the goals of COP26, transition to this gas will help to reduce air pollution emission and limit global warming to 1.5 degrees. Current air pollution in Europe is responsible for a large proportion of hospital admissions, illnesses, and deaths. Transition to LPG gas could have a strong positive impact on health of the population, especially in the rural areas.
Maxwer Group AG is driven by a strategy of Impact Investment. We make an impact towards natural gas alternative for heating purposes of water, vehicles, houses and BBQ grills etc. LPG and technical gas mixes are parts of our commodity finance portfolio.
Industrial and commercial settings can only benefit from this green gas. Use of LPG in gas turbines technologies guarantees high efficiency, quiet operation and low maintenance. Costs of LPG supply are low and requires less sophisticated storage tanks.
Intersting face that according to World LPG Association case study, Bangladesh is one of the largest brick producers in the world and 1% its GDP accounts for this industry. However, most of the brick producers use coal firing system in their plants by polluting the environment with sulphur and carbon. The case study describes how Makrail Ceramics Ltd in Bangladesh transitioned from use of coal to LPG and signed 15 years agreement with a local LPG supplier. Makrail Ceramics Ltd moves towards achieving UN Sustainable Development Goal on Sustainable Cities and Communities to make cities and population safe, sustainable, inclusive, and resilient.
