National Gas and Industrial Company (Gasco), the largest Liquefied Petroleum Gas (LPG) distributor in the Kingdom of Saudi Arabia, and Hexagon Composites’ subsidiary Hexagon Ragasco (Norway) have signed a long-term distribution agreement. The five-year contract (2023-2028) covers the provision and distribution of custom-made LPG cylinders on the Saudi Arabian domestic market and is valued at approximately 20 million euros.
Gasco has played a significant role in the development of the composites cylinder market in Saudi Arabia, which is the largest market for domestic LPG utilization in the Middle East. Since 2015, Hexagon Ragasco has been a supplier to Gasco.
The new custom-sized composites cylinder by Hexagon Ragasco is specifically designed to increase Gasco’s filling and logistical operational efficiency. The broader and shorter cylinder fits seamlessly with Gasco’s filling systems and logistic equipment, making filling, storage, and transport of the cylinders more streamlined and efficient.