UGI INTERNATIONAL

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

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星期三, 十二月 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.

SHV Energy and UGI to Launch Joint Venture to Accelerate the Transition of the LPG Industry to a Sustainable Future

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星期二, 五月 18, 2021
Other Natural Resources, Utilities, Environment, Oil, Gas, Alternative energy, Natural Resources, Energy, SHV, UGI International, UGI Corporation, SHV Energy, UGI INTERNATIONAL, UGI CORPORATION, SHV ENERGY

Therefore, with limited incremental investments, rDME can help to quickly transition the LPG industry to a more sustainable future.\n\xe2\x80\x9cDe-fossilization is pivotal for our industry.

Key Points: 
  • Therefore, with limited incremental investments, rDME can help to quickly transition the LPG industry to a more sustainable future.\n\xe2\x80\x9cDe-fossilization is pivotal for our industry.
  • Finding accessible, sustainable and affordable feedstock to produce alternative liquid renewable gas is a high priority for the LPG industry.
  • We are excited to join forces with UGI to guide the LPG industry in this important transition,\xe2\x80\x9d comments Bram Gr\xc3\xa4ber, Chief Executive Officer at SHV Energy.
  • SHV Energy is a wholly owned subsidiary of SHV, a family-owned multinational, and consists of a group of specialized energy companies.