NewGas

NewGas

Transforming cooking fuel landscape with LPG bottling and distribution, promoting sustainability and cost savings.

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DateInvestorsAmountRound

$18.2m

Debt
Total Funding000k
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NewGas is a company dedicated to transforming the cooking fuel landscape in Ghana by promoting the use of Liquefied Petroleum Gas (LPG) over traditional fuels like charcoal and wood. Operating in a market where 67% of the population relies on harmful cooking fuels, NewGas aims to drive a nationwide transition to cleaner energy. The company has developed a robust LPG bottling plant and distribution network, supported by funding from AGG and Spark, to facilitate widespread access to affordable and sustainable cooking energy. NewGas's business model focuses on expanding clean cooking gas distribution and driving education to accelerate the adoption of LPG. By offering a cheaper energy source with 25% savings compared to traditional fuels, NewGas not only provides economic benefits but also contributes to environmental conservation and public health. The company's operations are deeply rooted in sustainability, aiming to conserve forests and protect ecosystems for future generations. NewGas serves a diverse clientele, including households and businesses, seeking to enhance their cooking experience with convenience and value. The company also emphasizes the importance of privacy and data protection, ensuring that personal information is handled with care and transparency. Keywords: LPG, Ghana, cooking fuel, sustainability, distribution, bottling plant, cost savings, environmental conservation, public health, education.

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