SPI Will Sell Energy To PSE

Puget Sound Energy (PSE) has teamed up with Sierra Pacific Industries (SPI) to purchase 17 megawatts (MW) of renewable energy from SPI’s cogeneration plant at its Burlington sawmill in Mount Vernon, Wash., providing locally generated renewable biomass energy to its customers.

PSE signed a 17-year contract with SPI that starts in 2021 to purchase the excess energy generated after wood waste is burned at the Burlington mill. The mill employs more than 200 and contributes to the $900 million annual economic impact of the forest products industry in Skagit County, Wash.

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Weyerhaeuser Completes Carbon Credit Sale

Weyerhaeuser announced an agreement for the sale of nearly 32,000 forest carbon credits at $29 per credit. This agreement marks Weyerhaeuser’s first transaction in the voluntary carbon market and represents the sale of all credits issued by American Carbon Registry for the first year of the company’s Kibby Skinner Improved Forest Management (IFM) project in Maine…

Bandit Names Craig Davis CEO/President

Craig Davis is the new CEO and President of Bandit Industries, as announced by former CEO Jerry Morey. Davis joined Bandit in 2018 as sales director and has also been a part of the Bandit management board, overseeing marketing and parts management…

Late 2022 Purchases Put Enviva In A Bind

“Our future profitability and liquidity are expected to be negatively impacted by the following matters which have resulted in substantial doubt about the company’s ability to continue as a growing concern,” states Enviva in its 10-Q filing with the Securities and Exchange Commission upon releasing its third quarter earnings report, which noted that Enviva incurred net losses of $258 million for the nine…

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