Focusing on growing market
Bakeroil trades and supplies raw materials, such as Propane, Butane, Propylene, to the countries in Far East Region, mainly Japan, South Korea and China. China is one of our biggest target markets, with the demand for Propane and Butane (LPG) having been on a rapid rising trend since China began importing LPG via pressurised vessels since the 1990s. China now has a yearly import volume of approximately 116.7kT and has become the largest importer of LPG in Far East Asia, far exceeding countries like South Korea and Japan. The reason for such growth in demand can be attributed to the construction of PDH plants in China, and we see it as an opportunity to our advantage.