Aygaz AS - Company Profile
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Business Description
Aygaz AS (Aygaz), a subsidiary of Koc Holding AS, is an integrated liquefied petroleum gas (LPG) company, operating in the LPG sector in Turkey. Its activities extend from cylinder production to marine transport. The company purchases LPG in bulk from the domestic and overseas markets and delivers it to retailers for distribution to customers. the company operates through three key segments: LPG and gas; cargo transportation and distribution; and petroleum products and electricity.
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R&D Overview
Aygaz has undertaken several R&D initiatives, focusing on developing innovative products and launching important projects through university-industry collaborations in FY2024. The company's R&D Center, aims to enhance product and service quality, improve business processes, and work on alternative fuels and clean energy. In FY2024, the center focused on advancing LPG use, enhancing product quality, and reducing emissions and carbon footprint. Notable projects include the development of a zeolite-based high-performance adsorbent for sulfur removal from LPG. The center also commercialized the Smart Scale, an IoT device for monitoring gas levels in cylinders, and developed a Demand-Flow Regulator and an Emergency Disaster Generator prototype. Aygaz AS has one R&D center. The company has 15 projects in R&D status and has formed major technology alliances through university-industry collaborations, such as partnerships with Koç University and Inönü University for projects related to DME production and bioDME from organic waste.
Business Segments
Overview
Operates Cargo transportation and distribution business across Turkiye. In FY2024, the segment incurred a capital expenditure of TRY49.8 million, which declined 70.1% YoY.
Performance
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Overview
Includes the sale of LPG, LNG and Natural Gas. In FY2024, the segment incurred a capital expenditure of TRY3,063.2 million, which grew 223.3% YoY.
Performance
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Overview
Includes income generated from the sale of petroleum products and electricity.
Performance
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