Posts tagged with
wood pellets

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. […]

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 […]

Pinnacle Renewable Energy To Feed Hungry Japanese Biomass Industry

A lot more wood is about to pass through Prince Rupert — as pellets. On Friday, the company that owns Westview pellet terminal, Pinnacle Renewable Energy Group, announced they have finalized a contract to sell 70,000 metric tons of wood pellets annually to a Japanese conglomerate, Ube Industries Ltd., by the end of 2019. “Japan […]

New England Wood Pellet Acquired By Lignetics

New England Wood Pellet LLC of Jaffrey has been acquired by a Colorado-based wood pellet home-heating company. Mitch Lehn, human resources director for Lignetics, Inc., said Thursday that his company has purchased all of New England Wood Pellet’s assets, which includes the flagship location in Jaffrey and four manufacturing plants throughout the Northeastern part of […]

New Mexico Pellet Plant To Transform Landscape, Create Jobs

Wildfires in the Jemez Mountains have left thousands of acres in the Santa Fe National Forest damaged. For many, that damage meant the loss of grazing areas, industry and other valuable lands. However, a new pellet mill is designed to change that. “Having this mill here is a way for us to be able to […]

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