FESCO Launches Line Of Cooking Gas

  • Listed energy company FESCO has officially launched its line of liquefied petroleum gas (LPG) products.
  • Speaking at the launch on Thursday, FESCO’s Managing Director Jeremy Barnes said the company has been testing FESGAS in the market since April.
  • The company has tripled its throughput capacity at its location by just testing the market. This month, the company will be targeting commercial customers. Currently, the company operates in Kingston and St. Andrew, St. Catherine, Clarendon, Mandeville, and parts of St. Mary through its distribution outlet in Stony Hill.
  • Barnes boasted that FESCO's innovation includes the use of no-BLEVE (boiling liquid expanding vapour explosion) cylinders, which is a technology that makes it safe for apartment use.
  • He further highlighted that FESCO has already captured 2.5% of the market share in the few months since it began offering LPG.
  • The company’s entrance into the LPG market adds a new product line that will be a growth driver for FESCO that will ultimately bring value to its shareholders.

(Source: RJR)