Novo BioPower Gets Some Breathing Room
Novo BioPower CEO Brad Worsley says the Salt River Project and Arizona Public Service have signed contracts through 2033 to buy electricity generated by burning biomass. Snowflake biomass plant is the only one in the state large enough to take significant volumes of low grade wood, hog fuel and biomass.
The plant had taken a hit during the pandemic as costs increased, and recent inclement weather had led to low inventories with uncertainty of operations before the contracts were renewed. The facility has also been affected by the slow implementation of forest health projects due to a lack of forest industry infrastructure and logging capacity, and also the Forest Service taking a big “swing and a miss” at trying to develop a massive 10-year forest stewardship contract to cover several million acres under the Four Forest Restoration Initiative.
The federal wildfire mitigation strategy in the state is now more of a traditional process of smaller stewardship projects and timber sales focused on forest restoration. Even with the new contracts, the Forest Service needs to continue funding to ensure that thinning work can continue, Worsley says, adding that Novo BioPower is selling approximately 220,000 MW hours annually.
Latest news
Komatsu Successfully Converts Biomass Combustion Ash Into Fertilizer In Japan
Komatsu Ltd. jointly with Ishikawa Agriculture and Forestry Research Center and ASAHI AGRIA CO., LTD., a manufacturer of fertilizers, has successfully converted wood ash from the biomass boilers in operation at Komatsu’s Awazu plant in…
Mercer Purchases Germany’s HIT
Mercer Purchases Germany’s HIT Mercer International Inc. has entered into an agreement to acquire all of the outstanding shares of the parent company of HIT (Holz Industrie Torgau) for €270 million. HIT owns, among other…
Equipment Companies Reveal Latest Developments
Wood Bioenergy editors Rich Donnell, Jessica Johnson, Dan Shell and David Abbott contributed to this story EDITOR’S NOTE: This is the second part of three parts in the coverage of the Wood Bioenergy Conference &…
Drax Acquires BC’s Princeton Standard Pellet
Drax Group has signed an agreement with Princeton Standard Pellet Corporation (PSPC) to acquire its pellet plant in Princeton, British Columbia, Canada. The acquisition is expected to be complete in the third quarter of this…
Find Us On Social
Subscribe to Our Newsletter
Wood Bioenergy News Online hits the inboxes of subscribers in the wood-to-energy sectors.
Subscribe/Renew
Wood Bioenergy is published and delivered worldwide 6 times per year. Free to qualified readers in the U.S. Subscribers outside the U.S. are asked to pay a small fee.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.
