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Wood Pellets Market Expected To Grow At a CAGR Of 15.2% By 2025

Progressive Markets recently published a report titled Global Wood Pellets Market – Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025. As per the report, the global wood pellets market is expected to register a CAGR of 15.2% from 2017 to 2025. The report offers an extensive analysis of changing market scenarios, revenue growth, investment opportunities, […]

Drax To Convert Fourth Coal-Fired Plant To Biomass

On June 6 Drax Power Station in Yorkshire, UK, took its fourth coal-fired power generating unit offline as it prepares to convert it to running on sustainable biomass. Drax has already converted half its power stations and ‘associated supply chain infrastructure’ to use sustainable biomass instead of coal. Having already invested £700 million into the […]

Rhode Island Biomass Bill Stalls In General Assembly

A Rhode Island bill that could have cleared the way for biomass power plants won’t move forward this legislative session. Biomass is wood waste that is burned to generate electricity. It’s also considered a renewable resource. The bill would have included biomass in the state’s “net-metering” program, which gives credits to customers for extra power […]

DOE Awards Purdue University Team $1.8 Million Grant To Solve Blockages

A problem facing biorefinery operations is the flow of biomass into and throughout facilities. Lignocellulosic biomass, often made up of post-harvest agricultural materials such as corn stover and soybean hulls, often accumulates and compacts while moving through augers, forcing shutdowns for maintenance. A team led by Purdue University scientists is to receive a $1.8 million […]

Pinnacle Renewable Holdings Signs Pellet Contract With Japanese Company

Pinnacle Renewable Holdings announced on 22 May that it has entered into a long-term, take-or-pay off-take contract with Hanwa, a large, diversified trading company in Japan. Pinnacle will supply 75,000 metric tonnes of industrial wood pellets to Hanwa each year from early 2022. The industrial wood pellets will be used by a biomass power generation […]

California Governor Recognizes Bioenergy In Effort To Prevent Wildfires

On May 10 California Governor Edmund G. Brown Jr. issued an executive order designed to address the state’s spate of record-breaking forest fires. The measures included long-term use of small bioenergy generators. Combating dangerous tree mortality, increasing the ability of forests to capture carbon and systematically improving forest management are among the order’s goals. It […]

U.S. Bioenergy, Agriculture Groups Urge Congress To Oppose Farm Bill

In the U.S., the American Biogas Council (ABC), the Agriculture Energy Coalition (AgEC) and the Biomass Power Association (BPA) have come out against the H.R. 2, the Agriculture and Nutrition Act of 2018, also known as the Farm Bill. Over the past two years, these organizations have been working to advance the Farm Bill, legislation […]

Environmental Activist Fund Takes $20 Million Stake In Enviva

Bloomberg is reporting that ValueAct Capital Management has bought $20 million (€16.7 million) in Enviva shares. Enviva’s market capitalization is around $772 million (€647.6 million). The deal was made through the hedge fund’s socially and environmentally focused ValueAct Spring Fund. The fund has previously invested in the power generator AES and education company Strayer Education. […]

Georgia Wood Pellet Industry Commended In Air Quality Report

Georgia won praise last week in a report largely critical of an issue portrayed as lax enforcement of air quality regulations of the wood pellet industry. Criticism also was laid on the new federal policy that power plants fueled by biomass don’t create carbon pollution. “Georgia has definitely played a leadership role in this [wood […]

Drax Planning To Cut Cost Of Biomass Power By A Third

Drax CEO Will Gardiner told Reuters April 20 that the company plans to cut the cost of the electricity it generates by a third over the next decade. The goal is to reduce the company’s dependency on subsidies. Improvements cited by Gardiner are more efficient turbines and cheaper wood pellets. A spokesperson for Drax told […]

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