Propane Industry News

New York (Oct. 18, 2023) — Firmament, a provider of structured equity capital solutions to small- and medium-sized enterprises, has made a strategic investment in Matador Gas, one of the leading retail propane distributors and standby generator service providers. This partnership underscores Firmament's commitment to supporting leaders in the environmental services sector and propelling the growth of reliable energy solutions.

Westport Fuel Systems Inc. announced it will release financial results for the third quarter of 2023 on Tuesday, November 7, 2023, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Wednesday, November 8, 2023.

Time: 10:00 a.m. ET (7:00 a.m. PT)
Dial-in: 1-416-764-8688 or toll-free at 1-888-390-0546
Webcast: https://investors.wfsinc.com

During the latest mid-month period, prices at Mont Belvieu, Texas, decreased as we head deeper into fall. The posted prices decreased 7.667 cents/gal, from September mid-month to October mid-month, and the spot prices decreased 8.75 cents. Conway, Kan., postings decreased 8.874 cents/gal, and spots decreased 10.5 cents over the month.

California Gov. Gavin Newsom signed landmark legislation, Assembly Bill 1172, on October 7, 2023.

Zionsville, Ind. (Oct. 10, 2023) — Zionsville Community Schools is now operating 33 new propane school buses that are 90% cleaner than the current Environmental Protection Agency’s standard for nitrogen oxides.

The fast-growing suburban public school district, which is located outside of Indianapolis, currently serves 8,000 students across nine campuses. To keep up with the community’s growth, the district increased bus routes using an alternative fuel that it knows and trusts: propane autogas.

Dover, Del. (Oct. 11, 2023) — Chesapeake Utilities Corporation announced its designation as a 2023 Champion of Board Diversity by the Forum of Executive Women, joining other companies such as Campbell Soup Company, DuPont de Nemours, Rite Aid and WSFS Financial. In collaboration with PwC, the Forum reviews companies in the Philadelphia region that support the advancement of women leaders in corporate boardrooms and executive suites. Each year, the Forum of Executive Women honors the top public companies in the region with 30% or more women on their respective boards.

Craig Garner has joined Emerson as the Fisher LP-Gas Equipment sales manager for North America. In this role, Craig will be responsible for growing LPG/propane and other pressurized gas product sales in North America.

NEW MILFORD, Conn. (Oct. 5, 2023) — Cetane Associates is pleased to announce that Sail Energy LLC, of Portsmouth, New Hampshire, has acquired tangible and intangible assets related to the full-service heating fuels and propane delivery business of Blanchard’s Cash Fuel Inc., a Maine corporation. The transaction was completed on Sept. 30, 2023.

FORT PIERCE, Fla. (Oct. 2, 2023) — Palmdale Oil, a provider of fuels, lubricants, and chemicals with delivery solutions across the state of Florida, announced it has acquired Como Oil & Propane of Florida, a Florida-based, full-service fuel and propane distributor. Financial terms of the transaction were not disclosed.

LONDON (Oct. 3, 2023) — Global energy and commodity price reporting agency Argus has launched European biopropane prices, completing its suite of prices covering the fast-expanding European market for hydrotreated biofuels.

Hydrotreating animal and vegetable fats is a relatively recent refining technology that enables sustainable biofuel feedstocks such as vegetable and waste oils and animal fats to be converted into fuels that can substitute for conventional hydrocarbon-derived oil products.

The Propane Education & Research Council (PERC) is celebrating the second annual National Propane Day on October 7, 2023. National Propane Day is an opportunity to celebrate all the ways propane keeps America running and to highlight the benefits of propane.

Chicago, Illinois-based EDP announced that Scott Sturdivant has joined EDP as region director of operations for the company’s central region.

BIRMINGHAM, Ala. (Oct. 2, 2023) — Cahaba Media Group (cahabamedia.com) announced it has promoted Jessica Graham to lead editor of Butane-Propane News (BPN, bpnews.com), a trade journal for the propane and butane markets.

RICHLAND, Wash. (Sept. 21, 2023) — Christensen Inc. announced the appointment of Scott Phillips as its new chief financial officer (CFO). Phillips brings a wealth of experience from world-class organizations, including the United States Marines, Citigroup, Walmart and Steel Distribution where he has demonstrated his ability as a purpose-driven leader.

With over 20 years of executive financial experience, Phillips is highly skilled in governance, financial discipline and balance sheet optimization.

OTTAWA (Sept. 28, 2023) — Heating needs to be affordable for everyone, not just the wealthy. As the House of Commons continues to debate C-56, The Affordable Housing and Groceries Act, the Canadian Propane Association (CPA) is calling on Members of Parliament to make life more affordable for Canadians this winter by eliminating the Goods and Services Tax (GST) from home energy bills.