16:54:35 EDT Sat 11 May 2024
Enter Symbol
or Name
USA
CA



Superior Plus Corp
Symbol SPB
Shares Issued 249,286,657
Close 2023-08-10 C$ 10.23
Market Cap C$ 2,550,202,501
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Superior Plus's Certarus places $54M (U.S.) MSU order

2023-08-10 17:06 ET - News Release

Ms. Beth Summers reports

CERTARUS ANNOUNCES LARGEST SINGLE ORDER OF MSUS

Certarus, Superior Plus Corp.'s low-carbon energy solutions business, has placed an order for $54-million (U.S.) of mobile storage units (MSUs) with longtime partner, Hexagon Agility, a business of Hexagon Composite. This is the single largest order of MSUs ever placed with Hexagon with deliveries expected to commence in Q1 2024.

As the industry leader in on-road, low-carbon energy distribution, Certarus enables customers without pipeline access to transition to lower-carbon energy, including compressed natural gas (CNG), renewable natural gas (RNG) and hydrogen to help rapidly drive decarbonization efforts.

"We are continuing to invest to enable the adoption of low-carbon fuels with the use of Hexagon's next generation TITAN modules," said Curtis Philippon, president of Certarus. "With the Superior transaction now complete, we are aggressively investing to grow as customer urgency to reduce emissions and secure reliable portable energy in a cost-effective manner accelerates. The TITAN modules have been the backbone of our fleet and we are excited to expand our operations with the new TITAN 450 that will allow us to deliver more gas with fewer trips."

The new MSUs will be used by Certarus to transport CNG, RNG and hydrogen to decarbonize industrial applications, provide critical utility support during demand peaks and pipeline outages, and connect RNG production facilities to natural gas pipelines.

About Superior Plus Corp.

Superior is a leading North American distributor of propane, compressed natural gas (CNG), renewable energy, and related products and services, servicing approximately 936,500 customer locations in the United States and Canada. Through its primary businesses, propane distribution and CNG, RNG (renewable natural gas) and hydrogen distribution, Superior safely delivers clean-burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon-intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.

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