Fusion Fuel unit Al Shola Gas adds LPG bobtail, targets USD 1.6 million annual recurring revenue
HTOO•Al Shola Gas expands LPG distribution capacity
Fusion Fuel’s indirect subsidiary Al Shola Gas took delivery of a new LPG bobtail tanker to expand recurring distribution capacity.
- The unit targets AED 6 million ($1.6 million) in annual recurring revenue at run-rate, with monthly revenue of AED 400,000-500,000.
- It expects to ramp to 200 metric tons per month within four to six months of entering service.
- The fleet rises to 53 vehicles, including three LPG bobtails; a fourth, smaller-format bobtail remains on order.
- The Dubai Supreme Council of Energy issued a Petroleum Products Permit covering cylinder distribution and bulk LPG tanker activity, supporting tender eligibility.
