LP Gas, January 2019

ONYOURMARKETS AUTOGAS CANADA Report Propane industry fuels 35 billion in economic activity A Conference Board of Canada report finds Canadian propane production is expected to increase by more than 20 percent over the next seven years The report which was prepared with financial support from the Canadian Propane Association estimates the propane industry accounted for 35 billion in Canadian economic activity in 2016 Between 2017 25 this figure is expected to increase to an average of 44 billion per year The industrys activities are also estimated to support close to 21000 jobs annually across Canada and generate roughly 1 billion per year in government revenues Here are some highlights on the productions economic impact and possible avenues of growth Canadas propane industry will support close to 44 billion in valueadded gross domestic product with supplies set to increase by more than 20 percent between 2017 25 The increase will mainly be driven by steady gas production levels increasing natural gas liquids availability and the ongoing investments in midstream infrastructure Canadas increasing energy demand innovations in technology and environmental issues related to air quality suggest propane can offer fuel switching options in market sectors like automotive fleets and power generation The Conference Board of Canada is an independent not for profit applied research organization with specialists in economic trends Growth in generators T echnavio a global technology research and advisory company predicts the residential portable generator market in the U S will see a compound annual growth rate of 12 percent from 2018 22 The report explains portable hybrid generators are rising in demand and help reduce the consumption of fuel by 68 percent when compared to conventional generators Technavio predicts a 12 percent compound annual growth rate in portable generator sales Some portable hybrid generators use solar and wind to generate power Hence the focus on the environment is increasing the demand for portable hybrid generators The popularity of hybrid generators which use a combination of gasoline and liquid propane is increasing as liquid propane is inexpensive fuel efficient and has a longer storage life when compared with gasoline says a senior analyst at Technavio for research on power The report says the propane industry in Canada will account for an average of 44 billion a year in economic activity by 2025 ASIGNIFICANTNUMBER 740000 18 LPGas January 2019 LPGasmagazine com IMAGES COURTESY OF THE CONFERENCE BOARD OF CANADA TOP RIGHT KOHLER BOTTOM LEFT ROUSH CLEANTECH BOTTOM RIGHT The amount of funding the Leander Independent School District in Leander Texas received to purchase 24 propane powered school buses Leander received grants from the Texas Commission on Environmental Quality and the Lone Star Clean Fuels Alliance to purchase the buses equipped with Fords 68 liter V10 engine and Roush CleanTechs propane fuel system Both our propane provider and local Blue Bird dealer have been very active in helping us identify grants says Ann Hatton director of transportation for the school district