SHV Energy and UGI to Launch Joint Venture to Accelerate the Transition of the LPG Industry to a Sustainable Future - Seite 2

“De-fossilization is pivotal for our industry. Liquid gas is an important, clean and efficient energy source used in over 1000 different applications by millions of people around the world. Finding accessible, sustainable and affordable feedstock to produce alternative liquid renewable gas is a high priority for the LPG industry. We are convinced that rDME ticks all the boxes to be a gamechanger for our industry. We are excited to join forces with UGI to guide the LPG industry in this important transition,” comments Bram Gräber, Chief Executive Officer at SHV Energy. “We are ready to take up the responsibility to bring rDME to fruition, which will be to the benefit of the whole industry and its customers.”

Roger Perreault, Executive Vice President Global LPG of UGI Corporation, who will become UGI’s CEO next month, continues: “The proposed joint venture leverages our expertise in off-grid energy and renewable fuels. Innovation is at the heart of both our organizations, and by teaming up we will combine our strong innovative capabilities. As leading distributors of LPG, we jointly provide an even more extensive global distribution network through which to promote the use of rDME. Although US and EU regulations differ, we are convinced rDME will help LPG down the path of de-fossilization across jurisdictions. We are excited to announce this joint venture proposal and be able to contribute to a more sustainable future for our industry and customers.”

More background on rDME

rDME is a safe, clean-burning, sustainable fuel that can support de-fossilization of transport, domestic and industrial heating and cooking. It is a single molecule, chemically similar to propane and butane, produced from multiple renewable feedstocks including waste streams and residues. rDME has a low GHG footprint, up to 85% GHG emission reduction compared to alternatives, and can be easily transported as a liquid in pressurized cylinders and tanks. It can be used in pure form or easily blended with both LPG and bioLPG. When blended with propane, rDME enables propane to approach carbon neutrality.

About UGI International

UGI International, a subsidiary of UGI Corporation, is one of the leading LPG distributors and operates in 17 European countries servicing a customer base of approximately 615,000 end-users. UGI International markets under several brands such as AmeriGas, Antargaz, AvantiGas, DVEP Energie, Flaga, Kosan Gas and UniverGas. In 2020 UGI International serviced customers across broad markets – such as commercial and industrial, residential, agriculture, Autogas and aerosol, retailing 1.7 million tons of LPG.