UGI Corp. said July 9 that its subsidiary, UGI Energy Services LLC, acquired GHI Energy LLC, a Houston-based renewable natural gas company.
GHI is a leading renewable natural gas (RNG) marketer in California, a state with one of the most robust carbon credit trading programs in the nation. GHI is primarily focused on providing vehicle fleets with RNG by coordinating supply from a portfolio of sources across the country.
UGI Energy Services’ deep expertise in energy commodity marketing and its strong customer base will provide a platform for expanding GHI’s marketing, supply and logistics, and project expertise into other parts of the country. Additionally, the investment in GHI reinforces the company’s existing greenhouse gas emission reduction strategies and provides a platform to further advance its efforts.
“The GHI acquisition advances our strategy to position UGI as a leading provider of energy solutions that meet the environmental and social needs of our customers and our communities,” John L. Walsh, president and CEO of UGI Corporation, said. “We’ve had very good success with our bio-LPG product in Europe and we look forward to expanding our portfolio of renewable offerings. We are committed to positioning UGI as a leader in this area of critical importance to the company and our environment.”
Recommended Reading
Woodside Pushes Louisiana LNG Project Forward with Bechtel Contract
2024-12-05 - Woodside Energy signed a revised engineering, procurement and construction contract with Bechtel, which had already performed work on the project when it was still owned by Tellurian.
Mexico Pacific’s Saguaro: LNG’s Quicker Route to Asian Markets
2024-11-19 - Mexico Pacific’s 30-mtpa Saguaro LNG terminal promises a connection to Asia for Permian Gas that avoids the Panama Canal.
Analysts: Trump’s Policies Could Bring LNG ‘Golden Era’ or Glut
2024-11-27 - Rystad warns that too many new LNG facilities could spell a glut for export markets.
Venture Global’s Plaquemines LNG Starts Production
2024-12-14 - Venture Global LNG reached a final investment decision on the 20 million metric tons per annum Plaquemines facility 30 months ago.
Cheniere Produces First LNG in Corpus Christi Expansion Project
2024-12-30 - Houston-based Cheniere adds to quickly growing U.S. production capacity.