South Dakota
UGI Corp. commits to $70M funding for South Dakota renewable nat gas project (NYSE:UGI)
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UGI Corp. (NYSE:UGI) mentioned Monday it is going to totally fund the primary set of renewable pure fuel initiatives beneath improvement in South Dakota by the MBL Bioenergy three way partnership between UGI, Sevana Bioenergy and California Bioenergy.
The mission will characterize greater than $70M of funding by MBL Bioenergy, all to be offered by UGI (UGI).
The primary set of initiatives will probably be constructed at three farms positioned north of Sioux Falls, S.D., and is predicted to generate 300M cf/12 months of RNG as soon as accomplished in 2024.
Dairy waste from the farms will probably be anaerobically digested after which piped to a central upgrading facility earlier than it’s delivered into the interstate pure fuel system close to Dell Rapids, S.D.
UGI Corp. (UGI) is “a dividend aristocrat to think about in your portfolio,” Khen Elazar writes in a bullish evaluation newly printed on Looking for Alpha.