National Gas and Industrial Company and Hexagon Composites' subsidiary Hexagon Ragasco 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 EUR 20 million. Gasco has played a significant role in the development of the composite cylinder market in Saudi Arabia, which is the larger market for domestic LPG utilization in the Middle East.

Since 2015, Hexagon Ragasco has been a supplier to Gasco. The new custom-sized composite 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.

The new cylinder will be manufactured at Hexagon Ragasco's world-class, high-volume, fully automated production facility in Raufoss, Norway. The first new composite LPG cylinders will be shipped and introduced to the Saudi market in 2024.