Stabex International, one of the largest oil marketers in Uganda and a fast-growing petroleum company in Kenya, has rolled out Liquefied Petroleum Gas (LPG) products in the two markets.
The firm said that it plans to leverage a distribution network of more than 70 retail petrol stations to supply LPG brands in major townships across the two countries.
“LPG usage has an untapped market size of about 83% and 89% in Kenya and Uganda respectively. At Stabex, we see this as a huge opportunity and are aligning our penetration strategy with the ‘UN Sustainable Energy for All Initiative’ whose goal is to have one billion more people cooking cleanly with LPG energy by 2030,” said Head of Supply and Business Development, Benson Mwangi.
The company projects to grow LPG usage by more than 10,000 metric tonnes in three years.
Stabex now joins other major players in the petroleum industry that are positioning their LPG brands.
United Nations Sustainable Development Goals identified the adoption of LPG as important to mitigate adverse effects on climate change and raising standards of living.