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.
DOVER, Del. (May 10, 2022) — Chesapeake Utilities Corporation announced today that Andrena Burd has been promoted to assistant vice president to head the company's risk management department, and Puru Buddha has been promoted to assistant vice president of enterprise applications.
South Portland, Maine (May 12, 2022) – Dead River Company will soon be under new leadership as its current chief operating officer, Casey Cramton, becomes president and CEO.
KENT, 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.
OTTAWA (May 11, 2022) — A new study on the life-cycle analysis of the greenhouse gas (GHG) emissions intensity of Canadian propane shows that the carbon intensity for propane is 72 gCO2e/MJ (volume-weighted average), which is lower than what is currently being used by the federal government under the Clean Fuel Regulations (74 gCO2e/MJ).
Ponte San Marco (Brescia - Italy) (May 12, 2022) — The Cavagna Group is showing an increasing interest in market opportunities that enable it to further develop its capabilities in the regulation and control of gas for use in new sustainable mobility applications – and beyond.
TORONTO — Superior Plus Corp. announced that Superior Propane and Charbone Hydrogen Corporation have entered into a supply and logistics agreement to provide green hydrogen to commercial and industrial customers located initially in Quebec, Canada.
Prior 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.
Flanders, New Jersey (April 29, 2022) — ADD Systems announced a new integration with Sygic, a worldwide supplier of professional GPS navigation for fleets.
ADD Systems needed to find a comprehensive navigation tool for drivers in the fuel delivery business. The company wanted a solution that would improve both fleet efficiency and safety.
Long-time propane industry veteran Thomas Cadenhead passed away on April 4, 2022, at the age of 87.
Canada's primary underground propane inventories decreased by 37.82% in April, according to Canada Energy Regulator (CER). The total represented a month-to-month decrease of 227 Mcm. Compared to a year earlier, stocks were lower, with 463.3 Mcm, or 55.39%, less product on hand.
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.
LIVONIA, Mich. (April 20, 2022) — Maryland-based ThompsonGas increased its fleet of 127 propane vehicles by adding 10 new 2022 Ford F-750 trucks equipped with ROUSH CleanTech propane systems.
Whippany, NJ & San Diego, Calif (April 26, 2022) — Suburban Propane Partners L.P. joined forces with Historic Tours of America to donate funds toward a Father Joe’s Villages’ Therapeutic Childcare program which provides childcare and services to children and families experiencing homelessness.
New Braunfels, Texas & Casper, Wy. (April 21, 2022) — Mopeka Products announced it has signed a definitive agreement to acquire Sonariot.
Together, Mopeka Products and Sonariot, will become known as MopekaIOT, a provider of tank monitoring solutions, further cementing its leadership as a leader in sonar tank monitoring solutions and services, with more than 500,000 sensors in market globally.
GAFFNEY, S.C. (April 21, 2022) — Freightliner Custom Chassis Corp. (FCCC) has appointed company and industry veteran Brent McKinney its new western region technical sales manager for commercial chassis, effective immediately.
Asheville, N.C. (April 21, 2022) — Alliance AutoGas (AAG) will have a 2022 Ford F550 Service Truck on display in the Autogas Pavilion at the 2022 NPGA Southeastern Convention & International Propane Expo to show marketers that there are solutions available today for their propane fleets.
OTTAWA (April 20, 2022) —The Canadian Propane Association (CPA) board of directors is pleased to announce the appointment of Shannon Watt as the organization’s president and CEO, effective April 18, 2022.
Energy Distribution Partners (EDP) has announced the acquisition of Liberty Propane and Meadows Petroleum.
Operating out of Ottsville, Pennsylvania, and Georgetown, Delaware, Liberty Propane and Meadows Petroleum provide propane, fuel oil and heating, ventilation and air conditioning (HVAC) service to customers across the states of Pennsylvania, New Jersey, Delaware, Maryland and Virginia.
