Propane Industry News

NEW YORK (March 31, 2022) — Meritus Gas Partners announced that it has entered into a partnership with Specialty Products and Leasing Inc. (SPL), a wholesale producer and packager of hydrocarbon gases located in Taft, California. Financial terms of the transaction were not disclosed.

TORONTO (March 28, 2022) — Superior Plus Corp. announced it has entered into an agreement to acquire the retail propane distribution and refined fuels assets of Quarles Petroleum Inc. for an aggregate purchase price of approximately US$145 million (CA$180 million) before adjustments for working capital.

The acquisition, which is subject to customary regulatory and commercial closing conditions, is anticipated to close in the second quarter of 2022.

WOOD DALE, Ill. (March 30, 2022) — Power Solutions International Inc. announced that effective April 8, 2022, it will appoint current corporate controller Matthew Thomas as its interim chief financial officer (CFO) while the company conducts a search for a permanent chief financial officer.

UNCASVILLE, Conn. (March 25, 2021) – Eastern Energy Expo is excited to announce that ECR International/Granby Industries has signed on as an Expo Sponsor at this year’s convention and trade show to be held May 22-25, 2022, at Mohegan Sun, Connecticut.

WASHINGTON (March 23, 2022) — The U.S. Department of Transportation (DOT) is opening up $450 million in funding for initiatives working to reduce greenhouse gas emissions and minimize impacts to the climate and surrounding communities from port operations. Areas targeted for projects include coastal seaports, inland waterways and Great Lakes ports. One way that ports can easily reduce emissions is to switch from diesel- and gasoline-powered equipment to models powered by propane.

WASHINGTON (March 23, 2022) — The U.S. Department of Transportation (DOT) is opening up $450 million in funding for initiatives working to reduce greenhouse gas emissions and minimize impacts to the climate and surrounding communities from port operations. Areas targeted for projects include coastal seaports, inland waterways and Great Lakes ports. One way that ports can easily reduce emissions is to switch from diesel- and gasoline-powered equipment to models powered by propane.

Lawrence, Mass. (March 18, 2022) — Energy North Group (ENG) announced its Gold Member sponsorship of the national association of Women in Energy. The association was founded by various reputable and longstanding members of the oil and energy industries. Its goal is to connect and empower women in the industry and to provide them with education, mentorship and growth opportunities.

Kent, Conn. (March 29, 2022) — Cetane Associates LLC is pleased to announce that Tamera Kovacs has joined its financial advisory firm as Director, effective April 1, 2022.

Canton, Massachusetts (March 22, 2022) — Gray, Gray & Gray LLP, a consulting, business advisory and accounting firm based in Canton, Massachusetts, and GraVoc Associates Inc., a Peabody-based IT consulting firm, have announced a collaborative venture to provide advanced cybersecurity services to organizations across all industry segments.

Rye Brook, NY (March 24, 2022) – Paraco Gas has hired Dan Scicutella as general manager to lead its team in Long Island. Scicutella comes to Paraco with extensive management experience from FedEx Express that includes multiple awards recognition for quality and service.

Davenport Energy Inc., a provider of gasoline, diesel fuel, propane and DEF products, announced the promotion of Harold (Hal) E. Thornton Jr. to president.

CHICAGO (March 23, 2022) — SHV ENERGY and LANZATECH NZ Inc. announced a new strategic partnership to employ LanzaTech’s Carbon Capture and Transformation (CCT) technology to bring renewable propane and other sustainable fuels to the market via existing and novel pathways. The collaboration will be dedicated to further expanding LanzaTech’s existing CCT technology and synthetic biology platform which transform waste carbon into sustainable fuels and other materials, such as fabrics, packaging and other products.

LIBERTY, Mo. (March 24, 2022) — Blue Rhino announced it has expanded its home delivery service to four new markets: Brooklyn, New York, as well as Miami, Orlando, and Jacksonville, Florida. 

MACON, Ga. — Blue Bird Corporation announced the appointment of Britton Smith as senior vice president, electrification, and chief strategy officer, with immediate effect.

In his current role, Smith is responsible for further strengthening Blue Bird’s leadership in electric-powered school buses, expanding the company’s electric vehicle (EV) ecosystem, and establishing strategic partnerships to drive performance.

TORONTO — Superior Plus Corp. announced that it has completed the previously announced acquisition of the equity interests of Kamps Propane Inc., High Country Propane Inc., Pick Up Propane Inc., Competitive Capital Inc. and Propane Construction and Meter Services (collectively, Kamps Propane) and Kiva Energy Inc. (Kiva Energy) for a purchase price of approximately US$240 million (CDN $302 million). The purchase price was paid with funds drawn from Superior’s existing credit facility.

During the latest mid-month period, prices at Mont Belvieu continued to mostly increase as we get further from winter. The posted prices decreased by 1 cent/gal, from February mid-month to March mid-month while the spot prices increased 4.5 cents. Conway, Kan., postings ended with a 0.25-cent increase and spots increased 5.5 cents over the month.

This year, Rural Computer Consultants Inc. (RCC) is celebrating a milestone with its Mobile Office on the GO (MOGO), a delivery system for propane, fuel, cylinder, service work and meter readings. 

MOGO was born from a customer’s desire for everything to be under one roof.

Over the past 10 years, the system has grown into RCC’s mobile solution for real-time communication between the office and the drivers, wherever they are en route.

NATIONAL (March 11, 2022) — TerraVest Industries Inc. and Mississippi Tank and Manufacturing Co. have announced the two companies are joining forces as LPG and compressed gas manufacturers of storage tanks, transports and bobtails, as well as providers of repair, service, and supply centers across North America.

Celebrating its 77th year in business, Mississippi Tank has been a mainstay in the LPG equipment manufacturing business since its inception.

Canada's primary underground propane inventories decreased by 43.27% in March, Canada Energy Regulator (CER). The total represented a month-to-month decrease of 457.8 Mcm. Compared to 2021, stocks were lower, with 550.2 Mcm, or 47.83%, less product on hand. 

Otodata is pleased to announce the promotion of Gregory Bronner to a senior role as marketing and communications senior director. Bronner joined the company in 2016 and has played a key role in Otodata's success by overseeing and implementing the company's marketing strategy.

NATIONAL — The United States Energy Information Administration (EIA) released a report forecasting crude oil prices to be higher than $100 per barrel over the coming months. The energy industry saw a sharp increase in Brent and West Texas Intermediate (WTI) crude oil prices after the invasion of Russian forces into Ukraine.