UGI Energy Services Blog

• UGI invests approximately $150 million in two new dairy cluster RNG projects located in South Dakota
• Expects to generate approximately 525 million cubic feet of RNG annually once these projects are completed in calendar year 2024
• GHI Energy, a wholly owned subsidiary of UGI, to be the exclusive marketer for these projects

January 4, 2023

WYOMISSING, PA, -- (BUSINESS WIRE) – January 4, 2023 – UGI Corporation (NYSE: UGI) announced today that MBL Bioenergy has entered an agreement to develop its second and third clusters of dairy manure waste to renewable natural gas (“RNG”) projects in South Dakota. In total, these additional projects will represent approximately $150 million of investment by MBL Bioenergy, of which 100% of the funds will be provided by UGI Energy Services, LLC (“UGIES”), a subsidiary of UGI. MBL Bioenergy is a joint venture partnership between UGIES, Sevana Bioenergy and a subsidiary of California Bioenergy (“CalBio”) with the sole purpose of developing RNG projects in South Dakota.

UGI Energy Services is always pleased to offer customers a variety of energy options to fit the various needs and requirements of their businesses. As a company, we are committed to delivering affordable, efficient, and socially responsible energy products and services to our end users. We are well positioned and prepared to become a leader in the future of renewable energy. Our organization continues to focus on reducing its emissions, our customers’ emissions, and investing in alternative energy solutions. In 2020, UGI Corporation committed to reducing its Scope I (direct) emissions by 55% over the next five years and has additionally pledged to invest up to $1 billion in renewable solutions during that time. UGI Energy Services has also announced several renewable projects and initiatives throughout different states.