Living in today’s technologically advanced society where information is a text, tweet, and social media post away, the masses have become accustomed to instant gratification.
Terms like biomass, biofuel, and renewable provide a certain jingle in our ears, along with peace of mind and comfort in our hearts. Yet, we know that the typical ramifications surrounding such terms are anything but instant….
Fortunately, a sharp curve in advancement has been made in the biofuels industry over the past decade. Today, renewable hydrocarbon biofuels are setting the precedent to satisfy consumer, manufacturer, producer, and government desires by the creation of pure biofuel products. These products are said to be identical to petroleum gasoline, diesel, or jet fuel. So far so good, right? It gets better.
According to the U.S. Department of Energy, renewable hydrocarbon biofuels can be interchangeably referred to as drop-in biofuels.
Subsequently, drop-in biofuels meet the same American Society for Testing and Materials (ASTM) fuel quality standards as their petroleum fuel counterparts. Hence, the high-quality biofuels Viking Energy Group (OTCMKTS: VKIN) produces can be dropped directly into existing engines and used throughout the current infrastructure with ease.
In terms of the explosive potential for VKIN, this designation taps the biofuel jackpot, as this development provides a seamless transition to actual use.
In other words, drop-in biofuels have achieved the instant gratification of their environmentally destructive predecessors. Every entity can remain confident that these renewable fuels are here to stay because their use requires zero change to current practices, standards, protocols, and means of delivery both within motorized vehicles, as well as within the broader scope of the transportation industry.
Now that we have a clear conceptualization of the drop-in nature of these fuels, let’s highlight a couple more positives that directly correlate to the natural growth and value Viking Energy’s price per share is likely to achieve.
With gas prices at the pumps nearing record highs, there is no question that the United States’ dependence on foreign oil must be reduced. The National Renewable Energy Laboratory (NREL) in Golden, Colorado proclaims that biofuels are the only renewable liquid transportation fuels available. Therefore, these fuels are the crucial and climacteric answers to reduce our nation’s dependence on foreign oil. All of these factors coming together indicate outstanding growth potential for VKIN.
To further break down key players within the industry, let’s define the term feedstock: any material used directly as fuel or converted to another fuel as energy. Pretty simple and straightforward.
Energy.gov explains that bioenergy feedstocks are the original sources of biomass. Again we see the momentous correlation to VKIN energy due to the fact that VKIN intends to use the bioenergy from corn and soybean feedstocks to ignite their biofuel production at their newly acquired production facility.
Another advantage VKIN has is its pretreatment center at the Renewable fuel production facility. They will be able to receive biomass direct, rather than pay for expensive pre-treated biomass.
Drawing from the momentum of these renewable energy breakthroughs makes Viking Energy Group, Inc. a promising producer to “drop-in” the savvy investor’s portfolio.
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