Research report finds propane market expected to reach USD 145.82 billion by 2022

According to a recent study published by Transparency Market Research, the global propane market was valued at USD 114.44 billion in 2013 and is likely to reach USD 145.82 billion by 2022, expanding at a CAGR of 3.56% between 2014 and 2022. The research group defined and segmented the propane market into six types of applications: residential, commercial, industrial, chemical & materials, agricultural and transportation, providing analysis and forecast of the global revenue. The residential segment dominated the global propane market in 2013.
underground residential propane tank

Stringent environmental regulations and less reliable conventional gas sources are expected to be major growth drivers for the propane market in residential applications. Demand for propane as a fuel in the marine industry is expected to grow gradually owing to the introduction of strict environmental norms that compel the usage of clean fuels. Propane emits nearly zero sulfur content and nitrogen oxide during combustion as compared to marine diesel oil.

Browse the full Propane Market by Application report at http://www.transparencymarketresearch.com/propane-market.html

Icom First to EPA Certify Key Propane Fleet Platforms

Icom North America, LLC based in New Hudson Michigan, extends its Propane Autogas Fleet offerings with 2013, 2014, 2015 & 2016 3.7 engine Ford Police Sport Utility, Police Sedan, Explorer, Taurus, Edge, Flex and Lincoln MKT, MKS and MKX. These Fleet Platforms are focused on Police, Government and Livery vehicles allowing fleets to enjoy dramatically reduced fuel cost and meet their sustainability goals with an abundant domestic fuel.
Ed Zoglman, Icom's Vice President, Central Division, stated, "Icom enjoys a large Police, Government Fleet and Livery market and Icom is the first to certify these key vehicle platforms for which we have a large order-bank."
2015FordPropanePoliceExplorer

"I drive many thousands of miles each month in an Icom Liquid Injection System SUV and enjoy noticeable increased performance and miles per gallon as compared to propane vapor injection kits and performance exceeding gasoline. Having been a Propane Fleet Manager and Technician for almost 20 years what most impressed me about the Icom System are the many benefits of Liquid Injection and how Plug and Play the Icom Systems are," said David Griffin, Icom South East Autogas Specialist.

Another Icom announcement is expected soon regarding additional EPA Certifications for key fleet platforms further increasing its industry leading position as the innovator of Liquid Injection Propane Systems.

Icom North America is a leading propane autogas innovator. Utilizing American-made products, Icom develops, assembles and integrates the Environmental Protection Agency certified Patented JTG, JTG II, JTGhp, and JTG-D propane liquid injection fuel systems, as well as toroidal and cylindrical fuel tanks. Icom's propane liquid injection technology has obtained numerous EPA and California Air Resources Board certifications to power a full lineup of Chevrolet, Ford, Dodge, GM, Lincoln and Mercury vehicles as well as Blue Bird shuttle buses. These Monofuel and Bifuel applications have achieved superior emissions, torque, power and drivability.

Andrea Labelle Named Canadian Propane Association Executive Director

The Canadian Propane Association (CPA) recently announced the appointment of Andrea Labelle as its new Executive Director.

"We are delighted to announce Ms. Labelle's appointment as Executive Director," said Guy Marchand, Chair of the CPA Board of Directors. "She brings more than 20 years of experience in operations, management, government relations, marketing, as well as experience in the propane industry."
Labelle has been leading the association for the past two years as the General Manager, managing the day-to-day operations and all levels of government relations activities on the association's behalf.
AndreaLabelle

"Under Ms. Labelle's direction, the CPA has established and enhanced credible relationships with regulators and legislators across Canada, raised the profile of the industry through participating in national and regional events, and kept members informed of industry-related issues and opportunities through a number of different channels," said Marchand.

"On behalf of the Board, I want to welcome Ms. Labelle as the new Executive Director and thank her and the rest of the CPA staff for their hard work and dedication to the members of the CPA," added Marchand.

Excise Tax Equalization Law Goes To President

With the negotiations surrounding an extension of the Highway Bill coming to a close, NPGA reports that one of its legislative priorities is included in the three month extension-excise tax equalization. After being included in the House-passed five month extension on July 15, some uncertainty remained as to whether this provision would be included in the legislation that ultimately becomes law. That uncertainty ended when Congress passed the extension bill, H.R. 3236, with the provision intact.
white house signs propane bill

Excise tax equalization alters the calculation for the excise tax levied against propane used as an auto fuel to be based on an energy content rather than the current volumetric calculation. Due to the lower energy content of propane compared to gasoline, this will result in lower excise taxes being levied on propane used in auto fuel applications.

H.R. 3236 is headed to the President for his signature before the Highway Trust Fund expires on Friday. NPGA expressed its appreciation to the leadership of many Senators and Representatives who worked to advance excise tax equalization and were instrumental in its ultimate inclusion in the law. Of note were Senators Burr (R-NC), Bennett (D-CO), and Hatch (R-UT) and Representatives Kelly (R-PA), Kind (D-WI), Young (R-IN), and Ryan (R-WI). The NPGA expressed its thanks to the hard work of its members, whose successful grassroots effort on this initiative helped to push it across the finish line.

Wisconsin Propane Gas Association Announces New Leader

The Wisconsin Propane Gas Association (WPGA) announced that Emma Shultz has been named the Interim Executive Director. Shultz previously served as WPGA’s Executive Assistant.
“It has been a pleasure getting to know everyone over the past several years and I am honored to have the opportunity to continue my work with the Wisconsin Propane Gas Association in this new capacity,” Shultz said. “I’m dedicated to making sure that the Association thrives, programs flourish, and that each member of the WPGA feels that there is value in everything that we do. The work that the WPGA does is needed now more than ever and I look forward to being part of this exciting new chapter!”
EShultz 20152

Shultz also manages the activities and programs of the Wisconsin Propane Education and Research Council, the WPGA’s 501c(3) non-profit organization which educational, training and safety programs for the propane industry and provides important consumer education on the benefits of using propane in residential, commercial and agricultural venues.

Additionally, the WPGA has brought on Jena Williamson to support the associations’ administrative, communications, operations and events functions. Williamson is the Client Services Manager for The Capitol Group which provides association management services for the WPGA and the WIPERC. Williamson recently relocated from Los Angeles, CA where she specialized in public relations and client management.

“We are pleased to have two high quality professionals on our team to serve the WPGA and to deliver value to WPGA members and the propane industry,” said Brandon Scholz, a partner with The Capitol Group and the Managing Partner of the WPGA.