Propane Industry News

It is with deep sadness that the team at LifeGuard Technologies announces the passing of Chairman and Director of Engineering Joseph H. Abrams on Sept. 25, 2022.

SANDUSKY, Ohio and PITTSBURGH (Oct. 3, 2022) — On Sept. 30, Sandusky, Ohio-based Civista Bancshares Inc. announced the signing of a definitive stock purchase agreement pursuant to which Civista will acquire all of the issued and outstanding shares of Pittsburgh-based Vision Financial Group Inc. (VFG), a leading privately held, independent, full-service general equipment leasing and financing company. The transaction was closed on the anticipated date of Oct. 3, 2022.

KENT, Conn. (Oct. 6, 2022) — Cetane Associates LLC has announced that Dead River Company LLC, northern New England’s largest full-service home heating provider, with a corporate office based in South Portland, Maine, has acquired the distillates, propane and HVAC service business of Scott Energy Co. Inc., based in Gloucester, Massachusetts. The transaction closed on Aug. 16, 2022.

VANCOUVER, British Columbia (Sept. 30, 2022) — Westport Fuel Systems Inc. announced the resignation of its chief financial officer (CFO), Richard Orazietti, for personal reasons. Orazietti will continue in his capacity as CFO until Nov. 30, 2022, following the release of Westport’s third quarter 2022 results, to ensure a smooth transition and the seamless transfer of duties and responsibilities.

BROOKNEAL, Va. (Oct. 5, 2022) — One week after Hurricane Ian made landfall in Florida, Foster Fuels' emergency fueling operation has grown to over 100 trucks and personnel active in supporting the relief efforts.

TOLEDO, Ohio (Oct. 5, 2022) — Bergquist Inc., an industry leader in wholesale propane equipment distribution, announced today the addition of tank monitor sales specialist, Kim Keil.

WASHINGTON (Oct. 3, 2022) — The Propane Education & Research Council (PERC) is observing the inaugural National Propane Day on Oct. 7, 2022.

COLUMBUS, Ohio (Sept. 28, 2022) — Worthington Industries, Inc. announced the release of its 2022 Corporate Citizenship and Sustainability Report, reflecting on the company’s progress and performance metrics in several key areas, including culture, citizenship, corporate governance, environmental protection and innovation.

LAWRENCE, Mass. (Sept. 22, 2022) — Energy North Group is proud to announce Kevin Jackson as its new vice president of wholesale.

NATIONAL (Sept. 23, 2022) — Women in Propane (WIP), an official business council of the National Propane Gas Association (NPGA), is looking to propel the propane industry further with a new podcast titled "Through the Leadership Lens."

WASHINGTON (Sept. 27, 2022) — The Propane Education & Research Council (PERC) is encouraging propane autogas fleet operators to take advantage of the Alternative Fuel Tax Credit, which was recently passed by the U.S. Congress as part of the Inflation Reduction Act, 2022.

KENT, Conn. (September 27, 2022) — Cetane Associates LLC is pleased to announce that Colby & Gale Inc., a corporation based in Damariscotta, Maine, has acquired the propane, distillates and HVAC service business of M.W. Sewall Inc., headquartered in Bath, Maine. The transaction closed on Sept. 20, 2022.

Superior Plus Propane’s vice president of operations support, Marc Schoone, passed away on Aug. 28, 2022, at the age of 47 due to a recent illness.

Lock America Inc. of Corona, California, has announced that Robert Chen has been named as the company’s new national sales manager.

Synergy Commodity has announced the hiring of Arthur Ravo as senior advisor. Ravo has more than 32 years of experience in propane supply and hedging with Paraco Gas Corp. Ravo will utilize his experience to serve propane clients and to win new business.

Chicago, Illinois-based Energy Distribution Partners (EDP) announced that John Casper has joined the company as chief financial officer (CFO).

Canada's primary underground propane inventories increased by 23.88% in September, according to the Canada Energy Regulator (CER). The total represented a month-to-month increase of 337.3 Mcm. Compared to a year earlier, stocks were lower, with 224.3 Mcm, or 11.36%, less product on hand. 

During the latest mid-month period, prices at Mont Belvieu, Texas, were mixed as we head into fall. The posted prices increased 0.583 cents/gal, from August mid-month to September mid-month while the spot prices decreased 4.75 cents. Conway, Kan., postings ended with a 1-cent increase and spots decreased 3.5 cents over the month.

WOOD DALE, Ill. (Aug. 29, 2022) — Power Solutions International Inc. announced that Xun (Kenneth) Li has joined the company as its chief financial officer (CFO), effective Aug. 29, 2022. Li succeeds Matthew Thomas, who has served as interim CFO since April 2022. Thomas will resume his role as corporate controller.

WYOMING, Minn. (Sept 14, 2022) — Lakes Gas, headquartered in Wyoming, Minnesota, announced it has acquired the propane operations of Blackhawk Propane in South Beloit, Illinois.

LIBERTY, Mo. (Sept. 8, 2022) — Now in its 30^th year, the Ferrellgas Scholarship Program provides scholarship funds to the dependent children of employees of Ferrellgas and its Blue Rhino propane tank brand.