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UGI Corporation (UGI) Q3 2021 Earnings Call Transcript
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UGI Recognized as One of the 50 Most Community-Minded Employers in the Greater Philadelphia Region
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SHV Energy and UGI International are launching a joint venture to advance the production and use of Renewable Dimethyl Ether, rDME, a low-carbon sustainable liquid gas, to accelerate renewable solutions for the LPG industry and is aiming to develop the full potential of rDME as a sustainable solution.
In today’s Digest, why this is a huge deal, how the JV will work, how many production plants by when, how these two big companies can really push rDME into large scale adoption, the reactions, and more.
The deal
rDME has an interesting story to tell, which you can check out in the backstory section below, but this JV is a huge story in terms of two big behemoths capable of pushing rDME into large scale adoption. This exciting new JV can advance the production and use of Renewable Dimethyl Ether to accelerate de-fossilization of the LPG industry in a major way. The potential here is huge.
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It used to be the Athenian Diner. 53%, 31 vote 31 vote 53%
McDonald s 22%, 13 votes 13 votes 22%
Burger King 15%, 9 votes 9 votes 15%
Taco Bell 10%, 6 votes 6 votes 10%
Total Votes: 59
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UGI Corp. appoints 3 executives to leadership roles
Left to right: Gallagher, Ladner, Broseta
UGI Corp. appointed three executives to leadership roles in its global LPG line of business, effective June 1.
Hugh Gallagher, currently president and CEO of AmeriGas Propane, was named chief strategy officer of global LPG.
Meanwhile, Paul Ladner, currently COO of UGI International, was named president of AmeriGas Propane, and Laurence Broseta, currently vice president of UGI International’s west region and president of Antargaz, was named president of UGI International.
Gallagher joined UGI in 1990 and served as vice president of finance and CFO of AmeriGas Propane from 2013-18. In 2018, he was named president and CEO of AmeriGas Propane. Previously, he served as treasurer of both UGI and AmeriGas, as director of treasury services and investor relations of UGI, and director of corporate development at AmeriGas.
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