Benzinga | Feb 2, 2021 04:21PM EST

UGI International To Hold Exclusive Rights To Ekobenz' bioLPG Supply

* UGI International to hold exclusive rights to Ekobenz' bioLPG supply, providing strong platform for growth across the European region

* Partnership boosts UGI International's sustainable fuels portfolio in Europe and supports customer?s need to reduce carbon footprint and achieve decarbonisation targets

* A significant milestone in UGI International's decarbonisation strategy that underpins the Company's commitment to support the goals of the Paris agreement to achieve a net zero global economy

UGI International ("the Company"), European subsidiary of UGI Corporation (NYSE:UGI), one of the world's largest LPG distributors, today announced a new supply and development partnership with Ekobenz, a Polish technology specialist in catalytic conversion of bioethanol to bio-gasoline and bioLPG. Per the terms of the agreement, UGI International has secured the exclusive rights to Ekobenz' supply of bioLPG, a renewable form of propane-butane produced from advanced bioethanol. The primary raw material to produce bioLPG is the conversion of organic material derived from industrial waste, unsuitable for use in human and animal food chain. The product can be used by all of UGI International's existing LPG entities operating across Europe, and significantly boosts the company's portfolio of sustainable fuels.