- 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.