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Stock impact report

UGI Energy Services and The City of Philadelphia Announce Biofuel Agreement

UGI Corporation (UGI) 
Last ugi corporation earnings: 2/5 04:18 pm Check Earnings Report
Company Research Source: Business Wire
PHILADELPHIA--(BUSINESS WIRE)--UGI Energy Services, LLC (UGIES), a subsidiary of UGI Corporation (NYSE: UGI), today announced a partnership with The City of Philadelphia (City) to supply Renewable Natural Gas (RNG) for the City’s Compressed Natural Gas (CNG) powered trash compactors. Under the agreement, the City will purchase clean biogas sourced from Pennsylvania and regional landfills, helping to reduce landfill flaring and grow local markets for renewable natural gas.This partnership marks the first time the City is utilizing RNG environmental attributes for its CNG fleet. The renewable fuel will power the 35 CNG-fueled trash compactors that currently serve neighborhoods throughout Philadelphia. The project creates new demand for methane produced by waste decomposition in landfills, reducing the amount of gas flared at participating facilities and allowing for renewable natural gas to be injected into the gas distribution system.“We are pleased to partner with the City in this Show less Read more
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