Posts tagged with
wood pellets

Pinnacle Expands With Acquisition Of Alabama Pellet Plant

B.C.-based pellet producer Pinnacle Renewable Holdings is heading to the southern U.S. with the announced acquisition of an Alabama industrial wood pellet plant. Pinnacle recently announced it has entered into a definitive agreement to acquire a 70 percent interest in an operating industrial wood pellet production facility located in Aliceville, currently owned by The Westervelt […]

Colorado Wood Pellet Manufacturer Files For Bankruptcy

A Colorado-based company that says it is the largest wood pellet manufacturer in the western United States has filed for Chapter 11 bankruptcy. Confluence Energy LLC, which is based in Kremmling in Grand County, said in a Tuesday filing that it owes $14.95 million to between 100 and 199 creditors. The company listed assets of […]

Enviva Announces New Japanese And European Contracts

Enviva Partners has reported its financial results for the second quarter 2018, and announced two major contracts in Europe and Japan. The company has reported net second quarter revenue of $132.1 million, a 3.6% or $4.6 million increase year on year with the second quarter 2017. Enviva has also announced a new 180,000 metric ton […]

Ridgeland Pellet Company Launches South Carolina Manufacturing Plant

Ridgeland Pellet Company plans to launch new manufacturing operations in Ridgeland, South Carolina. The company’s $8.1 million investment is projected to create 27 new jobs over the next five years in Jasper County. A manufacturer of wood pellets used in home heating fuel, alternative industrial energy and equine bedding, Ridgeland Pellet Company will purchase an […]

Zilkha Biomass Scuttles Plan To Build $90 Million Arkansas Pellet Plant

Zilkha Biomass LLC of Houston has scuttled its plan to build a $90 million wood pellet mill in Monticello. Zilkha reached a deal four years ago to build a facility that would support 52 new jobs. After a recent meeting with Zilkha’s legal counsel, the Monticello Economic Development Commission said the energy company will not […]

UK Moving Away From Coal, Burning Wood From The U.S.

The 12 cooling towers at the Drax Power Station have dominated the flat North Yorkshire countryside since the plant was built to burn coal from local mines in the ’60s. It’s the largest power plant in the UK, and for years it served as a visible reminder of how essential coal has been for the […]

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 […]

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 […]

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. […]

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