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.”
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