Page 14 - NorthAmOil Week 04 2021

NorthAmOil NEWS IN BRIEF NorthAmOil

said: “Stakeholders and investors continue
to expect and demand more transparency,
more verifiable trusted data, and more overall
ESG-related performance progress across the
energy sector. This pilot project, which will
utilise our differentiated technology to provide
trusted and independent data, demonstrates
continued responsiveness toward meeting
and exceeding those growing stakeholder
demands. We’re grateful to work alongside
EQT, which is an industry leader, toward
the shared goal of enhancing stakeholder
confidence by helping to ensure natural gas is
produced as responsibly as possible.”
EQT AND PROJECT CANARY, January 28, 2021
MOVES ENERGY TRANSITION

UGI appoints VP, ESG; EQT and Project Canary OneH2 forms major
strategic investor group to
continues to advance partner on certified advance hydrogen logistics

its commitment to responsibly sourced natural network

environmental, social, and gas pilot Through a recently closed investment,
governance function EQT today announced its commitment to a OneH2 announces strategic additions to
pilot project to demonstrate the production of
its investor group whose collective interest
UGI announced today that it created a responsibly sourced natural gas (RSG) for use is in continuing the build-out of OneH2’s
dedicated ESG function to lead UGI’s in domestic and international energy markets. existing hydrogen system, creating a national
environmental, social, and governance (ESG) The intent of the pilot is to show that fuel production and distribution network to
initiatives. natural gas can be, and is, produced with high serve transportation markets with full service
The creation of this officer-level position, environmental and social standards, and that solutions of competitively priced hydrogen.
supported by a dedicated team, is an global energy market demand exists and is Led by Houston based Buckeye Partners,
important step in driving sustainability growing for these differentiated RSG products. the investment round also includes Trafigura,
efforts across the company and enhancing “This partnership aligns with our Sumitomo Corporation of Americas, Navistar
the quality of disclosure and reporting for its commitment to ESG leadership and to International Corporation and the Papé
stakeholders. meeting the evolving needs and expectations Group to add to existing investors such as
Over the past two years, UGI has of our stakeholders. Further, it confirms the Wheeler Material Handling.
published two ESG reports, launched emerging domestic and international markets The company draws extensively on its
a number of key corporate-wide social for this differentiated commodity and the relationships with investors, whose wealth of
initiatives such as BIDE (belonging, important role that United States LNG will capability includes ownership, management
inclusion, diversity and equity), continued play in the future energy mix,” said Toby Z. and trading of energy and energy
to make investments that support the Rice, President and CEO of EQT. “EQT is the infrastructure as well as a major presence on
communities we serve, and established largest producer of natural gas in one of the the fuel demand side through forklift, auto
methane and GHG emission reduction lowest emission intensity basins – we’re well and truck manufacturing and dealerships.
targets at UGI Utilities. Information about positioned to further capitalize on our world- The growth capital will be used to deploy
UGI’s ESG program can be found on the class asset base and operational excellence full turn-key hydrogen infrastructure
website. to pursue a high quality, responsible energy solutions, with OneH2 providing modular
UGI has promoted Brendan M. Heck to source to meet growing global energy hydrogen production units, storage and
vice president, environmental, social, and demands.” The pilot project reaffirms EQT’s dispensing at the point of refuelling, which
governance (ESG) to lead the ESG initiatives. long-standing commitment to environmental, is often on-site at logistics and distribution
Mr. Heck joined UGI in 2014 and most social and governance (ESG) leadership and centers to provide fuel for forklift and truck
recently served as director, investor relations. responsible energy development. Under the fleets. Retail points of sale, such as truck
During his time with the company, he has terms of the pilot, EQT will seek to produce service centres and gas stations, also provide
held various positions in corporate finance RSG through third-party certification a large future opportunity for the company
and treasury, business development, and of two of its well pads, accompanied by as adoption of hydrogen for truck and
strategic pricing. continuous methane emissions monitoring passenger vehicle fleets continues building. It
Mr. Heck received his MBA from Duke of the pads. Project Canary, an International is envisaged that the modular units combined
University and his bachelor’s degree in Environmental Standards company, will with the company’s investments in fuel
economics from Lafayette College. provide TrustWell certification of EQT’s production hubs will form an efficient and
UGI, January 27, 2021 selected pads and continuous, real-time highly scalable hydrogen fuel network.
methane emissions monitoring. ONEH2, January 27, 2021
Chris Romer, CEO of Project Canary

P14 www. NEWSBASE .com Week 04 28•January•2021