Gas transportation and distribution company UGI Corp. expects to spend more than $1 billion on renewable gas investments over the next five years, executives said on the company’s June 21 investor day presentation. The target marks an uptick from UGI’s last investor update in December, when executives envisioned investing up to $1 billion on renewable natural gas, bioLPG and renewable dimethyl ether ventures. Incoming UGI President and CEO Roger Perreault said it is now clear that the company will cross that threshold by 2025 given its line of sight and a “wide array of exciting opportunities” ahead. The projects would allow the company to offer lower-emissions products and provide a lever to meet climate mandates in its Mid-Atlantic gas utility and midstream business and its U.S. and European LPG segments. More >>
