{"id":208784,"date":"2024-08-15T09:51:27","date_gmt":"2024-08-15T09:51:27","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/08\/15\/quantum-group-underlines-investment-in-domestic-lpg-infrastructure\/"},"modified":"2024-08-15T09:51:27","modified_gmt":"2024-08-15T09:51:27","slug":"quantum-group-underlines-investment-in-domestic-lpg-infrastructure","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/08\/15\/quantum-group-underlines-investment-in-domestic-lpg-infrastructure\/","title":{"rendered":"Quantum Group underlines investment in domestic LPG infrastructure"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        &#8220;<em>We are 100% Ghanaian-owned entities, directly employing over 2,000 Ghanaians, and have been active in Ghana\u2019s petroleum sector since 2009<\/em>,&#8221; a letter signed by Samuel Bonuedie, Head of Brands &amp; Communications at Quantum Group, stated.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        The company emphasised its vertical integration within the petroleum downstream value chain, a structure permitted by the existing regulatory framework.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        A key aspect of its operations is its support for the CRM, a government initiative to increase LPG penetration and improve safety. Newgas, a subsidiary of Arch Holdings Limited has invested heavily in a state-of-the-art bottling plant, completed in late 2023 despite the challenges posed by the COVID-19 pandemic.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        &#8220;<em>We made the strategic decision to apply for a license to build and operate a bottling plant at a time when other more resourced companies declined to participate due to the financial risks involved<\/em>,&#8221; the communique explained.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-image \">\n<p>    <!-- image: supported --><\/p>\n<div class=\"imageBlock  aligment-center\">\n<div>\n<p>                <span class=\"image-holder\" data-fancybox=\"images-8c4f4286-8a95-4ae4-938d-0fdf6979b1a8\" data-caption=\"Gas cylinders \"><\/p>\n<picture style=\"--noscript-src: url(https:\/\/ocdn.eu\/pulscms-transforms\/1\/id8ktkpTURBXy85ZmYyM2E3MmRmOWMyY2VkODhhZWE3NDBhMDM3ODk3NC5qcGeRlQLNAxbNAe7Cww); \" class=\"image-wrapper\"><source data-original=\"https:\/\/ocdn.eu\/pulscms-transforms\/1\/9qSk9kpTURBXy85ZmYyM2E3MmRmOWMyY2VkODhhZWE3NDBhMDM3ODk3NC5qcGeRlQLNAxbNAe7Cw94AAqEwBqExAA\" srcset=\"https:\/\/ocdn.eu\/pulscms-transforms\/1\/9qSk9kpTURBXy85ZmYyM2E3MmRmOWMyY2VkODhhZWE3NDBhMDM3ODk3NC5qcGeRlQLNAxbNAe7Cw94AAqEwBqExAA\" type=\"image\/avif\"><source data-original=\"https:\/\/ocdn.eu\/pulscms-transforms\/1\/q0-k9kpTURBXy85ZmYyM2E3MmRmOWMyY2VkODhhZWE3NDBhMDM3ODk3NC5qcGeRlQLNAxbNAe7Cw94AAqEwBaExAA\" srcset=\"https:\/\/ocdn.eu\/pulscms-transforms\/1\/q0-k9kpTURBXy85ZmYyM2E3MmRmOWMyY2VkODhhZWE3NDBhMDM3ODk3NC5qcGeRlQLNAxbNAe7Cw94AAqEwBaExAA\" type=\"image\/webp\"><img width=\"790\" height=\"494\" alt=\"Gas cylinders \" title=\"Gas cylinders \" class=\"image lazyloaded imgWithMetaData\" src=\"https:\/\/ocdn.eu\/pulscms-transforms\/1\/id8ktkpTURBXy85ZmYyM2E3MmRmOWMyY2VkODhhZWE3NDBhMDM3ODk3NC5qcGeRlQLNAxbNAe7Cww\" fetchpriority=\"low\" decoding=\"async\" loading=\"lazy\"\/><\/source><\/source><\/picture>\n                <\/span><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        However, Newgas has clarified that its role is strictly confined to cylinder filling. The distribution and retailing of LPG remain the exclusive domain of Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs).\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        The company added that it is actively seeking partnerships with these entities to expand the reach of LPG across the country.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        &#8220;<em>The main goal of the Cylinder Recirculation Model is to increase LPG penetration and accessibility. It is Government\u2019s objective that OMCs\/LPGMCs develop over 5000 Exchange Points across the country to support the CRM<\/em>,&#8221; it said.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        Newgas&#8217; involvement in the CRM is aligned with the government&#8217;s broader push to promote clean cooking and reduce reliance on wood fuels, which contribute to deforestation and public health issues.\n    <\/p>\n<\/p><\/div>\n<p>    <!-- heading: supported --><\/p>\n<h3 class=\"heading-h3 replaced-h1\" id=\"nav-ring-11\">\n        By improving access to LPG, the company aims to contribute to the achievement of Ghana&#8217;s Sustainable Development Goals (SDGs).<br \/>\n    <\/h3>\n<\/p>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        The company&#8217;s statement comes at a time when the government is intensifying its efforts to transition households from wood fuels to cleaner energy sources. The CRM is seen as a critical component of this strategy.\n    <\/p>\n<\/p><\/div>\n<div class=\"ringCommonDetail ringBlockType-paragraph \">\n<p>    <!-- paragraph: supported --><\/p>\n<p>\n        By clarifying its ownership and role, Quantum, Sage &amp; Newgas hopes to dispel any misconceptions and strengthen its position as a key player in the LPG sector, it said.\n    <\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;We are 100% Ghanaian-owned entities, directly employing over 2,000 Ghanaians, and have been active in Ghana\u2019s petroleum sector since 2009,&#8221; a letter signed by Samuel Bonuedie, Head of Brands &amp; Communications at Quantum Group, stated. The company emphasised its vertical integration within the petroleum downstream value chain, a structure permitted by the existing regulatory framework. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":208785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-208784","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Quantum Group underlines investment in domestic LPG infrastructure - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/08\/15\/quantum-group-underlines-investment-in-domestic-lpg-infrastructure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quantum Group underlines investment in domestic LPG infrastructure - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"&#8220;We are 100% Ghanaian-owned entities, directly employing over 2,000 Ghanaians, and have been active in Ghana\u2019s petroleum sector since 2009,&#8221; a letter signed by Samuel Bonuedie, Head of Brands &amp; Communications at Quantum Group, stated. The company emphasised its vertical integration within the petroleum downstream value chain, a structure permitted by the existing regulatory framework. 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