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It was founded in 1998 by its current president and CEO John J. Sherman after he sold his start up propane marketing company LPG Services Group to Dynegy. [3] As of November 2010, the company had acquired 89 businesses – mostly regional and local propane distributors.
AmeriGas was founded in 1959. In October 2008, it acquired the propane assets of Penn Fuel Propane for $32 million. [2]In January 2012, it acquired Heritage Propane from Energy Transfer Partners for approximately $1.46 billion in cash and $1.32 billion in common units and the assumption of debt.
The National Propane Gas Association (NPGA) is an American trade association representing and advocating on behalf of the U.S. propane and renewable propane industries. Propane has a low-carbon content, has no methane emissions, is nontoxic, and is designated an approved clean, alternative fuel under the Clean Air Act Amendments. History
However, in many European countries, this tax break is often compensated by a much higher annual tax on cars using LPG than on cars using petrol or fuel-oil. Propane is the third most widely used motor fuel in the world. 2013 estimates are that over 24.9 million vehicles are fueled by propane gas worldwide.
Propane is much more commonly used to fuel vehicles than is natural gas, because that equipment costs less. Propane requires just 1,220 kilopascals (177 psi) of pressure to keep it liquid at 37.8 °C (100 °F).
The company was founded in 1939 by Alfred Carl (A.C.) Ferrell in Atchison, Kansas. [4] Established as A.C. Ferrell Butane Gas Company, the business prospered during World War II and the immediate post-war years. The company sold gas heaters and floor furnaces from its storefront on Commercial Street in downtown Atchison.
In October 2017, the company acquired Totalgaz Italia, a liquefied petroleum gas distribution business, and renamed it UniverGas Italia. [14] In December 2018, the company acquired South Jersey Industries’s retail natural gas business. [15] On August 1, 2019, the company acquired Columbia Midstream Group for approximately $1.275 billion. [16]
PERC was authorized by the U.S. Congress with the passage of the Propane Education and Research Act (PERA), signed into law on Oct. 11, 1996. PERC is governed by a 21-member board appointed by the National Propane Gas Association and the Gas Processors Association. Each association appoints nine Council members and they cooperate in the ...