Page 16 - NorthAmOil Week 07 2021

NorthAmOil NEWS IN BRIEF NorthAmOil

clean energy assets, renewable natural gas natural gas supplies into its supply at a rate of up to 780 mcf per hour,
(RNG) development projects and solids making this the largest RNG supply point in
recycling facilities to Blackheath for total system the United States to-date. This supply point
proceeds of $150.0 mn. The $150.0mn in will be available for the company, as well as for
proceeds from the sale of the clean energy UGI Utilities, a subsidiary of UGI natural gas suppliers operating on its system,
assets will be paid as to $50mn in cash, with Corporation, announced that the company for the purpose of supplying UGI Utilities
the remainder of such proceeds comprised has signed an agreement with Archaea customers.
of shares of Blackheath (as constituted Energy of Canonsburg, PA to accept delivery Moving this RNG supply into the UGI
following the transaction). As a step in the of renewable natural gas (RNG) from the Utilities distribution system provides benefits
transaction, Blackheath will change its name Keystone Landfill located in Dunmore, PA to the company and to the many communities
to Green Impact Partners. The transaction will into its distribution system. This is the first it serves. In addition to securing a local
constitute a reverse takeover of Blackheath RNG supply interconnect agreement UGI source of gas for UGI Utilities customers,
under the policies of the TSX Venture Utilities has signed to-date. accepting the delivery of RNG for customer
Exchange. The RNG supply will be injected into UGI use reduces the release of naturally occurring
BLACKHEATH RESOURCES AND WOLVERINE Utilities’ high-pressure natural gas pipeline methane from the Keystone Landfill into
ENERGY AND INFRASTRUCTURE, February 16, serving its distribution system located in the atmosphere. From an environmental
2021 Lackawanna County, PA. The landfill gas, perspective, accepting delivery of the RNG
a byproduct of naturally decomposing will reduce CO2 emissions that would
UGI Utilities signs first materials in the landfill, will be processed and otherwise occur by up to approximately
conditioned to meet UGI Utilities’ gas quality
314,000 metric tonnes per year. This CO2
agreement to bring requirements. The project is scheduled to reduction equates to removing the emissions
from more than 67,000 passenger vehicles
become operational in September 2021.
significant renewable system will be designed to take up to 16,000 over the course of a calendar year.
When fully operational, the UGI Utilities
UGI UTILITIES, February 17, 2021
mcf (thousand cubic feet) per day of RNG

P16 www. NEWSBASE .com Week 07 18•February•2021