Biofuel Demand to Increase with New Fuel Standards

 

Driving Decarbonization pic

Driving Decarbonization
Image: globalclimateactionsummit.org

Since he was a teenager, Levon Termendzhyan has been working in the oil and gas industry. Beginning his career pumping gas at a local gas station, Levon Termendzhyan soon started driving a delivery truck.

Mr. Termendzhyan eventually took ownership of several diesel gas stations in Southern California. He is now an equity owner in Viscon USA and Viscon International, the makers of Viscon, a clean-air fuel additive.

While the Global Climate Action Summit met in mid-September of 2018 to discuss the many ways that cities, states, and businesses can limit greenhouse gas emissions, biofuel advocates met a few blocks away at the Driving Decarbonization event.

At Driving Decarbonization, biofuel advocates discussed the benefits of low-carbon fuels standards in California. Biofuel advocates believe that similar fuel standards adopted in more states would increase consumer demand for biofuels.

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LNG Demand in China Unaffected by Tariffs

 

Tariffs pic

Tariffs
Image: zerohedge.com

After beginning his career as a gas station attendant at the age of 14, Levon Termendzhyan leased his own first gas station when he was 18 and started a fuel transportation company a short time later. Today, Levon Termendzhyan leads multiple companies in the energy sector, including Noil Energy Group, a fuel company that has partnered with Native American tribes to build diesel stations on tribal lands. Recently, he spearheaded Noil Energy Group’s entry into liquid natural gas (LNG),

The LNG market has been red hot for several years now, driven largely by massive demand from Asian countries, such as Japan and Korea. China has also played a large role in the global LNG boom as a result of a government plan to significantly reduce the country’s reliance on coal.

Despite the predictions of some observers, the LNG market shows no signs of slowing down despite the tariff battle currently taking place between the United States and China. Some analysts had predicted that the proposed tariffs and potential trade war would slow down manufacturing in China along with demand for imported goods by both countries, which could translate to lower energy needs.

However, recent numbers indicate that China’s insatiable demand for LNG does not seem to be diminishing. Instead, some observers suggest that a serious tariff battle will open the door for other producers to take over the China market currently dominated by US producers. This could even result in a global LNG deficit within a few years if new production facilities are not brought online in the near future.