Pascal Resources Energy eyes ₧220-M revenues in 2020

SOCIAL enterprise Pascal Resources Energy Inc. (PREI) said on Monday it aims to generate P220 million in revenues in 2020, indicating that the company is bullish on the local market’s accepting an innovative product for their kitchen requirements.

As a sign of market optimism, PREI CEO Nelson Par said the company invested an initial P500 million to create and distribute Gaz Lite, which remains the first, and only, government safety-certified and approved LPG canister in the country.

The Gaz Lite refillable LPG canister is the only product of its kind in the market, and in the world. This wholly Filipino innovation allows consumers to purchase Gaz Lite canisters for use with a starter kit, such as the Gaz Lite Eazy Kalan portable stove or BBQ Grill. Once consumed, Gaz Lite LPG canisters are returned to a PREI facility and safely refilled with LPG.

In order to expand, Par said PREI aims to broaden its current distribution network, which is particularly strong in Visayas and Mindanao. The company currently has a facility in

Lubao, Pampanga, which will become fully operational by January 2020.

“We welcome those who want to invest and start with our product as long as they commit to the same vision. A regional distributor will initially invest at least P2.8 million on inventory and deposits targeting at least 500 dealers in their region,” Par said.

To reach out to a bigger number of consumers, Par said PREI plans to make Gaz Lite more easily available in supermarkets, hardware stores and small groceries, neighborhood sari-sari stores, complemented with sales of starter kits.

“Our plan is to significantly scale by making the product accessible nationwide through the appointment of distributor partners in various regions across the country. Our target is to achieve this by the second quarter of 2020 at the latest,” Par added.

Aside from its flagship product Gaz Lite, Eazy Kalan and BBQ Grill, PREI has other LPG products under development. “We would also like to expand to other parts of Asia, especially the countries where charcoal and wood is still a popular way to cook food,” Par said.