SHV Energy and UGI to form a joint venture.

SHV Energy, a distributor of off-grid energy, and UGI, a natural gas and electric power distribution company, agreed to form a joint venture. Financial terms were not disclosed. “De-fossilization is pivotal for our industry. Liquid gas is an important, clean and efficient energy source used in over 1k different applications by millions of people around the world. Finding accessible, sustainable and affordable feedstock to produce alternative liquid renewable gas is a high priority for the LPG industry. We are convinced that rDME ticks all the boxes to be a gamechanger for our industry. We are excited to join forces with UGI to guide the LPG industry in this important transition. We are ready to take up the responsibility to bring rDME to fruition, which will be to the benefit of the whole industry and its customers," Bram Gräber, SHV Energy CEO.