AvantiGas

UGI Announces Sale of its Energy Marketing Business in the UK

Retrieved on: 
Mardi, octobre 25, 2022
Energy, Other Energy, Utilities, Oil, Gas, Sale, LPG, Agriculture, Natural gas, NYSE, Contract, AvantiGas, UGI, Â, UGI Corporation, Mid-Atlantic (United States), United Kingdom, Transformation, AmeriGas

UGI Corporation (NYSE: UGI ) announced today that it has entered into an agreement to divest of its energy marketing business in the United Kingdom (UK) to British Gas, for an undisclosed amount, effective on October 21, 2022.

Key Points: 
  • UGI Corporation (NYSE: UGI ) announced today that it has entered into an agreement to divest of its energy marketing business in the United Kingdom (UK) to British Gas, for an undisclosed amount, effective on October 21, 2022.
  • Beth Reid, Vice President Growth & Transformation, UGI International said, In conjunction with UGIs strategic review of its European energy marketing business, we were pleased to reach an agreement to divest of our natural gas marketing operations in the UK.
  • The strategic review of the remaining energy marketing businesses in France, Belgium and the Netherlands is ongoing.
  • With the sale of the UK energy marketing business and the natural roll-off of existing contracts, we expect a 20 25% reduction in volumes in Fiscal 2023 as we continue to progress the strategic review of the remaining energy marketing activities.

SHV Energy and UGI Receive European Union Approval to Create Joint Venture to Advance the Production and Use of Renewable Dimethyl Ether

Retrieved on: 
Mercredi, décembre 22, 2021
Other Energy, Environment, Utilities, Oil, Gas, Alternative Energy, Energy, AvantiGas, SHV, UGI Corporation, LNG, NYSE, Royal commission, Plant, Industry, UGI, Natural gas, LPG, European Commission, Agriculture, Renewable energy, Calor, AmeriGas, UGI International, UGI Corporation, SHV Energy, UGI INTERNATIONAL, UGI CORPORATION, SHV ENERGY

SHV Energy and UGI International, a subsidiary of UGI Corporation (NYSE: UGI ), distributors of off-grid energy, today received approval from the European Commission to create a joint venture to advance the production and use of renewable dimethyl ether (rDME).

Key Points: 
  • SHV Energy and UGI International, a subsidiary of UGI Corporation (NYSE: UGI ), distributors of off-grid energy, today received approval from the European Commission to create a joint venture to advance the production and use of renewable dimethyl ether (rDME).
  • The proposed joint venture was approved, marking an important step that will enable both parties to form the joint venture and commence operations in early 2022.
  • As previously announced, the joint venture is intended to gain market acceptance and accelerate the use of rDME as a renewable solution for the LPG industry.
  • SHV Energy is a wholly owned subsidiary of SHV, a family-owned multinational, and consists of a group of specialized energy companies.

Europe to Dominate Global Bio LPG Market as Governments Strive to Minimize Emissions, Says Fairfield Market Research

Retrieved on: 
Vendredi, septembre 17, 2021
LPG, Neste, Total SE, CAGR, Climate, Natural gas, Pressure, Total, Industry, Biofuel, AvantiGas, Carbon footprint, ENI, Cellulose, Renewable Energy Group, Gasoline

Get a Sample Copy of Global Bio LPG Market: https://www.fairfieldmarketresearch.com/report/bio-lpg-market/request-sa...

Key Points: 
  • Get a Sample Copy of Global Bio LPG Market: https://www.fairfieldmarketresearch.com/report/bio-lpg-market/request-sa...
    The current bio LPG production is marginal in percentage terms because of its low recovery from bio-oil.
  • Furthermore, the bio LPG market is heavily impacted by the price of natural gas and crude oil as biogas is a direct substitute for bio LPG.
  • Several bio LPG producers such as Total SE, Neste Oil, Global Bioenergies and PREEM Group have their headquarters, giving the continent an edge over others in the bio LPG market.
  • It remains to be seen how rivals respond to such developments in the bio LPG market.

Europe to Dominate Global Bio LPG Market as Governments Strive to Minimize Emissions, Says Fairfield Market Research

Retrieved on: 
Vendredi, septembre 17, 2021
LPG, Neste, Total SE, CAGR, Climate, Natural gas, Pressure, Total, Industry, Biofuel, AvantiGas, Carbon footprint, ENI, Cellulose, Renewable Energy Group, Gasoline

Get a Sample Copy of Global Bio LPG Market: https://www.fairfieldmarketresearch.com/report/bio-lpg-market/request-sa...

Key Points: 
  • Get a Sample Copy of Global Bio LPG Market: https://www.fairfieldmarketresearch.com/report/bio-lpg-market/request-sa...
    The current bio LPG production is marginal in percentage terms because of its low recovery from bio-oil.
  • Furthermore, the bio LPG market is heavily impacted by the price of natural gas and crude oil as biogas is a direct substitute for bio LPG.
  • Several bio LPG producers such as Total SE, Neste Oil, Global Bioenergies and PREEM Group have their headquarters, giving the continent an edge over others in the bio LPG market.
  • It remains to be seen how rivals respond to such developments in the bio LPG market.

Duni Group first in the world to use fossil-free propane gas in paper production - a major step towards a 90-per-cent lower climate footprint

Retrieved on: 
Lundi, septembre 6, 2021
Greenhouse gas emissions, Environmentalism, UGI Corporation, Carbon neutrality, Articles, AvantiGas, Natural gas, Sustainability, Industrial gases, Natural environment

The transition to BioLPG produced from waste products primarily from the food industry is a major step forward towards an increasingly circular business model and a lower climate impact.

Key Points: 
  • The transition to BioLPG produced from waste products primarily from the food industry is a major step forward towards an increasingly circular business model and a lower climate impact.
  • Duni Group is therefore the first company in the world within the paper industry to use LPG physically produced from fully renewable raw materials, enabled by a collaboration with Kosan Gas.
  • "The transition to BioLPG shows that it is possible to gradually execute a green transformation of our industry.
  • As the available gas production volume increases, the aim is to exclusively use this fuel source in paper production by 2027.