Africa-Press – Tanzania. TOL Gases Limited has launched its fourth carbon-dioxide gas project at Ikama village in Rungwe District, Mbeya Region with a total project value of 13.65bn/- that has an estimated lifetime of 20 years and capacity to produce 2 tonnes per hour.
Managing Director of TOL Gases Limited, Mr Daniel Warungu said in Mbeya that the recently launched plant is the company’s second carbon-dioxide plant in Ikama village and is expected to be commissioned in December this year which will double the company’s capacity to produce industrial and medical grade carbon-dioxide.
“The new development will enable the company to expand its market share in the local as well as foreign markets such as Zambia, Zimbabwe, Democratic Republic of Congo and Malawi,” he said.
He said they are expecting an increase in monthly revenue by 8.2bn/- which is a 42 per cent increase in revenue from carbon-dioxide production alone. This will in turn grow their contribution to government revenue through tax payment and service charges to the local councils where they operate.
According to him, the new plant in Ikama will double the carbon-dioxide production capacity and ensure reliable supply through a diversified resource base.
He said the carbon- dioxide gas produced by TOL Gases Limited has a great contribution in the growth of the industrial economy and overall development of the country.
“The launch of the new plant, which is the second plant in Ikama village, is a step towards supporting the government vision of an industrial economy through local manufacturing of goods,” he said.
Mr Warungu also stressed that the company continues to produce other industrial and medical gases at its three existing plants located in Dar es Salaam, Mwanza, and Mbeya.
Rungwe District Commissioner, Dr Vincent Anney commended the company for the new investment and assured the cooperation from the government towards contribution of industrial and health sector.
Dr Anney added that carbon-dioxide has been used in various industrial and medical applications such as in production of beverages, both soft and alcoholic beverages as well as processing of food products. It is also a crucial element in production of firefighting equipment.
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