Investment summary.
- Spark+ investment
- USD 1.23m
- Instrument
- Senior debt
- Facility type
- Growth capital facility
- Portfolio category
- LPG DISTRIBUTION
- Countries of operation
- Ghana
- E&S risk classification
- B
- Portfolio status
- Active
Technology and business model.
LPG marketing company (LPGMC) with multiple distribution channels serving customers in domestic, commercial, and industrial markets.
Investment narrative.
Henos Energy is an LPG marketing company (LPGMC) in Ghana. Henos is the first LPG marketing company licensed under the Cylinder Recirculation Model (CRM) that is currently being rolled out by the Government of Ghana and relevant market regulators.
The CRM is an LPG sales model that moves ownership of cylinders from the end user to licensed bottling plants. Cylinders are refilled at bottling plants and then supplied in a range of sizes by LPGMCs, like Henos, to end users through specialized retail outlets called exchange points. The consumer exchanges his/her empty cylinder for a filled one at the exchange point.
The bottling plants procure, brand, maintain, and refill empty cylinders for distribution via LPGMCs to consumers and households through retail outlets and exchange points. This market model, as opposed to the consumer-owned cylinder model, facilitates greater supervision of safety legislation and operational standards.
With a focus on safety, innovation, and convenience, Henos is driving the shift from traditional biomass fuels to modern LPG solutions, reducing health risks, protecting the environment, and supporting Ghana’s clean energy transition.
Use of proceeds.
Capital for corporate growth and expansion of the distribution network.
Company.
- Registered name
- Henos Energy