Washington Carbon Offset Developer ‘Steps Away’ From Project
A company that had been working with the Washington state Dept. of Natural Resources (DNR) to help develop a state program to sell carbon offsets as a way to generate forest revenues has stepped away from the project, citing the possibility to re-engage at a later date “when the path forward” for developing such a project is clearer, company officials said. Majority-owned by oil producer BP, Finite Carbon had been advising DNR officials since 2020. In April 2022, the company and DNR officials announced the program and an initial sale of 10,000 acres’ worth of carbon offsets. The carbon offset program, which remains under development, has been controversial from the start for timber industry officials in the state, who saw the 10,000 acres taken out of production.
Latest news
USA BioEnergy Closes On Land In Texas To Build $2.8 Billion SAF Refinery
USA BioEnergy Closes On Land In Texas To Build $2.8 Billion SAF RefineryUSA BioEnergy (USABE) has closed on the acquisition of over 1,600 acres of land in east Texas for its new $2.8 billion advanced biorefinery, designed to convert wood waste into sustainable...
CPM Purchases Jacobs Global
CPM Purchases Jacobs Global CPM, a leading provider of process equipment, engineered technologies and aftermarket parts and services, announced the acquisition of Jacobs Global, a supplier of aftermarket parts for hammermills and pellet mills. This transaction will...
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.