Vitol to invest $550 million in clean cooking in Africa

Bengaluru — Commodities trader Vitol and its unit Vivo Energy intend to invest more than $550 million by 2030 in the infrastructure required to facilitate cleaner cooking in Africa.

The investment comprises of liquefied petroleum gas (LPG) infrastructure from marine terminals to the high-quality cylinders required for the safe distribution of LPG, and investment in clean cooking carbon projects, Vitol said at a summit on clean cooking in Africa on Tuesday.

*Brijesh Patel; editing: Kirsten Donovan – Reuters