WHIPPANY, N.J. (May 23, 2022) Suburban Propane Partners L.P. and Iwatani Corporation of America (Iwatani) announced an agreement to collaborate in advancing the adoption of low-carbon alternative energy solutions across multiple applications in the propane market; including propane blended with renewable dimethyl ether (Propane+rDME). The parties have also agreed to collaborate on opportunities to advance investments in hydrogen infrastructure and transportation services in the United States.

MACON, Ga. — Blue Bird Corporation has implemented a price increase on all model school buses to offset record inflationary pressures and substantially higher costs for raw materials, transportation, and labor.

The company also continues to face supply chain disruptions exacerbated by Russia’s war in Ukraine and the lingering COVID-19 pandemic. Blue Bird's 10% price increase took effect on May 10, 2022.

HOUSTON (May 25, 2022) Lummus Technology announced it and its catalyst partner Clariant have been awarded a major contract by Fujian Meide to supply CATOFIN technology and catalysts for a new, world-scale propane dehydrogenation (PDH) unit in Fuzhou, China. Already operating one PDH unit at its Fuzhou petrochemical complex, Fujian Meide is now building one of the largest PDH units in the world and has selected the CATOFIN process and catalysts for the project's second phase.

 

During the latest mid-month period, prices at Mont Belvieu decreased as we advance through the spring. The posted prices decreased by 8.334 cents/gal, from April mid-month to May mid-month, while the spot prices decreased 10.75 cents. Conway, Kan., postings ended with a 7.85-cent decrease and spots decreased 6.75 cents over the month.

Tyler Machado, Cetane AssociatesKENT, Conn. (May 10, 2022)Cetane Associates LLC announced that Tyler Machado has joined its financial advisory firm as an analyst. Machado provides analytical support to the firm’s mergers and acquisitions deal execution team. He will work from Cetane’s Washington, D.C., office.

Ken KoellerPrior owner of Yankee Propane Inc. and Virginia Propane Inc., Ken Koeller, passed away on April 14, 2022, at the age of 90. Along with his future son-in-law, Peter Guerci, Ken started Yankee Propane in 1989 in Florida, New York, expanding propane operations in the Hudson Valley region of New York and northern New Jersey.

South Portland, Maine (May 4, 2022) — Dead River Company, a home heating provider north of Boston, Massachusetts, has announced another acquisition, one that expands the company further into central and western Massachusetts. Dead River Company has acquired Whiting Oil Corporation, which does business as Whiting Energy Fuels. 

WHIPPANY, NJ (April 27, 2022) — Suburban Propane Partners, L.P. announced the commercial launch of Propane+rDME. This exciting new product combines clean, versatile and abundantly available propane with the renewable, low carbon benefits of renewable dimethyl ether (rDME), produced by Oberon Fuels, to help create a pathway for lowering emissions to meet aggressive carbon reduction standards. 

DALLAS — Arcosa Inc. announced it has entered into a definitive agreement to sell its storage tanks business to Black Diamond Capital Management, LLC for $275 million in cash, subject to customary transaction adjustments.

Established in 1933 and marketed under the Arcosa Tank and TATSA brands, the company’s storage tanks business is a manufacturer of steel pressure tanks for the storage and transportation of propane, ammonia and other gases serving the residential, commercial, energy, and agricultural markets with operations in the United States and Mexico.

COLUMBUS, Ga. & SAN MATEO, Calif. — Synovus Bank announced it has signed an agreement to strategically invest in Qualpay resulting in a 60% ownership interest. Qualpay is a provider of a cloud-based platform that combines a payment gateway with robust merchant processing solutions, which allows merchants and independent software vendors (ISVs) to integrate payments into their software or websites.