2020 to present day
In March 2020, the Ultra Group launched its new brand identity during an event with shareholders, investors and financial analysts. The Group announced that this new brand better reflected its positioning of being an organization that is always looking to the future, that has a legacy of 86 years of history and has a strong presence in the Brazilian market and in eight other countries.[23]
Ultrapar's shares were included in the B3 Efficient Carbon Index (ICO2 B3), which was created in 2010 with the aim of promoting a discussion on climate change in Brazil. This index is composed of the shares of companies that are committed to transparency in reporting their carbon emissions.[24] Ultrapar also obtained a B score in the Climate Change dimension of the Carbon Disclosure Project (CDP), surpassing the D scores for both the regional average for South America, and the average for the oil and gas sector.[25]
Also in 2020, the Group launched a new version of its payments app called abastece aí. This app, which was originally launched in 2016, provides discounts on the purchases of fuel and other products and services at Ipiranga's service stations, Jet Oil workshops and AmPm stores. The app was upgraded with new functionalities and it now provides a broad payment platform, including digital payment accounts for each customer, in addition to discounts and cashback for a growing network of retail partners. Following this, the abastece aí and Km de Vantagens operations were spun off from Ipiranga into a new independent company.[26]
In May 2021, the Group sold its Extrafarma operations to the Pague Menos Group for R$700 million. Then, in August 2021, the group sold its chemical specialty operations subsidiary, Oxiteno, to the Thai-based group, Indorama Ventures.[27]
The sales of Oxiteno and Extrafarma were finally completed in April and August 2022, respectively. These sales strengthened the Group's positioning and investment capacity in its core energy and infrastructure sectors, in addition to reinforcing its financial solidity.[28]
Also in 2022, Ultragaz completed the acquisitions of Stella Energia and NEOgás, which marked its entry into the market segments for renewable electrical energy and compressed natural gas distribution, respectively.[29]
In April 2023, Ultracargo acquired a 50% stake in Opla Logística Avançada from Copersucar.[30] Opla was the largest independent ethanol terminal in Brazil and this acquisition marked Ultracargo's entry into the bulk-liquid storage and logistics segment, integrated inside port terminals, in line with its growth plan. The acquisition was completed in July of the same year.[31]
In August 2023, CADE approved the formation of a consortium between Ultragaz and Supergasbras (SHV)[32] for the shared operation of the bases of their LPG production structures dedicated to supplying bottled gas to households for cooking. This provided customers and resellers with a greater security of supply and improved service levels in the regions served, without any changes in either company's commercial operations.
