Winners to be Recognized on December
7th at Cipriani Wall Street
WHIPPANY, N.J., Dec. 7, 2023
/PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:
SPH), a nationwide distributor of propane, renewable propane,
renewable natural gas, fuel oil and related products and services,
as well as a marketer of natural gas and electricity and investor
in low carbon fuel alternatives, has been named a finalist in
three categories in the 25th Annual Platts Global Energy
Awards, which recognizes exemplary corporate and individual
innovation, leadership, and superior performance in the energy
sector.
The 2023 finalists, chosen from hundreds of nominees from 33
countries, with nearly 55% based outside the United States, were announced on
September 26th by Platts
Global, the leading independent provider of information and
benchmark prices for the commodities and energy markets.
Suburban Propane earned a finalist nomination in the
Corporate Impact Award – Targeted category for its
SuburbanCares® platform. This award recognizes a company
that provides leadership and active participation in targeted
humanitarian efforts or other events that impact communities. The
SuburbanCares® program supports community efforts across
the 42 states in which the Company operates, in addition to its
national efforts with the American Red Cross. In 2022-2023,
Suburban Propane undertook community initiatives in more than 20
locations, providing valuable funding, resources, volunteerism, and
goods to support the most vulnerable populations.
The Company was also recognized as a finalist in the Deal of
the Year – Strategic category for its acquisition of renewable
natural gas (RNG) assets, including the purchase of two operational
biogas facilities, one located in Arizona and one in Ohio. The more than $200M investment embodies Suburban Propane's
clear strategic vision towards a low-carbon economy by building a
robust renewable energy platform. With a focus on renewable
propane, RNG, rDME, and clean hydrogen, this investment complements
the Company's existing portfolio of renewable energy investments
and significantly scales and diversifies Suburban Propane's
renewable energy platform.
Finally, Michael Stivala,
President and Chief Executive Officer of Suburban Propane earned a
finalist nomination in the Chief Trailblazer of the Year
category. This category features a CEO who brings
transformational change, takes quick and decisive action, and
balances confidence with true vision to inspire the next
generation. Under Mr. Stivala's leadership, Suburban Propane is
undergoing a transformation pursuant to its long-term strategic
growth plan to build out a renewable energy platform.
Leveraging the Company's 95-year legacy as a trusted
distributor of critical energy needs for local communities across
the United States to meet the
energy requirements of society in a carbon constrained economy,
Suburban Propane advocates for propane's role as a versatile,
abundantly available, affordable, low-carbon energy source, while
making investments in innovative renewable and ultra-low carbon
alternatives for the future.
"We are incredibly honored to once again be recognized as a
finalist in three categories of the 2023 Platts Global Energy
Awards," said Nandini Sankara,
Spokesperson, Suburban Propane. "We commend each of the finalists
for their inspirational leadership and are proud to be in such
great company with responsible and dynamic leaders in the global
energy industry."
To view the full list of Awards categories and list of finalists
for the 2023 Platts Global Energy Awards visit:
https://www.spglobal.com/commodityinsights/global-energy-awards/finalists.
About Suburban Propane:
Suburban Propane Partners,
L.P. ("Suburban Propane") is a publicly traded master limited
partnership listed on the New York Stock Exchange. Headquartered
in Whippany, New Jersey,
Suburban Propane has been in the customer service business since
1928 and is a nationwide distributor of propane, renewable propane,
renewable natural gas ("RNG"), fuel oil and related products and
services, as well as a marketer of natural gas and electricity and
producer of and investor in low carbon fuel alternatives, servicing
the energy needs of approximately 1 million residential,
commercial, governmental, industrial and agricultural customers
through approximately 700 locations across 42 states.
Suburban Propane is supported by three core pillars: (1)
Suburban Commitment – showcasing Suburban Propane's 95-year legacy,
an ongoing commitment to the highest standards for dependability,
flexibility, and reliability that underscores Suburban Propane's
commitment to excellence in customer service; (2)
SuburbanCares® – highlighting continued dedication to
giving back to local communities across Suburban Propane's national
footprint; and (3) Go Green with Suburban Propane –
promoting the clean burning and versatile nature of propane and
renewable propane as a bridge to a green energy future and
investing in the next generation of innovative, renewable energy
alternatives.
For additional information on Suburban Propane, please
visit www.suburbanpropane.com.
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SOURCE Suburban Propane Partners, L.P.