Propane Industry News

Neenah, Wis. — Over 90% of respondents said they often or sometimes have issues with their employees following proper personal protective equipment (PPE) protocols. This eye-opening statistic was revealed in a recent J. J. Keller Center for Market Insights study on PPE pain points.

Underlying factors that contributed to PPE noncompliance were lack of adequate sizing, heat stress, and supply chain disruptions.

Key Study Findings

Canada's primary underground propane inventories increased by 5.14% in October, according to the Canada Energy Regulator. The total represented a month-to-month increase of 90 Mcm. Compared to a year earlier, stocks were lower, with 182.2 Mcm, or 9.01%, less product on hand. 

During the latest mid-month period, prices at Mont Belvieu, Texas, decreased as we get further into fall. The posted prices decreased 21.5 cents/gal, from September mid-month to October mid-month while the spot prices decreased 21.375 cents. Conway, Kan., postings ended with a 21.25-cent decrease and spots decreased 20.75 cents over the month.

Energy Distribution Partners (EDP) has announced the acquisition of Harbor Point Energy Products headquartered in Frankfort, New York.

Harbor Point Energy, which was founded in 2007, provides a full range of energy products and services to nearly 6,000 customers across seven counties in East Central New York. Principal owner John DesJardins has a long history in the energy industry and will remain with the company to spearhead the transition. All Harbor Point employees will join EDP.

The United States Energy Information Administration (EIA) expects most U.S. households will pay more to heat their homes this winter. In its "2022 Winter Fuels Outlook," EIA forecasts higher U.S. residential energy prices compared with last winter, as well as higher consumption of heating fuels during what is forecast to be a slightly colder winter than last year.

WASHINGTON D.C. (Oct 10, 2022) — Green LG Energy S.r.l. (Milano, Italy) and BioLPG LLC (Washington, D.C.) announced the signing of a major agreement that increases funding for further development of the GTI Energy renewables-sourced, green liquefied petroleum gas (bioLPG) Cool LPG technology and for preparation of bioLPG production at scale within the next few years. GLGE has a near-term goal of contributing to decarbonization of Italian and European sourcing of vitally needed LPG.

HUNTERSVILLE, N.C. (Oct. 10, 2022) — On Oct. 7 2022, ONYX Systems LLC celebrated National Propane Day by announcing its engine technology expansion plan roadmap.

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.