Biofuel - Market news and analysis

April 16, 2018

Pinnacle Renewable Holdings to convert particleboard facility to wood pellets plant in British Columbia, Canada

Pinnacle Renewable Holdings Inc. announced approval to commence the redevelopment by Smithers Pellet Limited Partnership ("SPLP") of an existing particle board facility in Smithers, British Columbia, Canada, to a wood pellet production facility.SPLP is a limited partnership in which West Fraser Timb...
April 11, 2018

SunPine to invest SEK 250 million ($30 million) in new plant

SunPine is investing SEK 250 million ($30 million) in a new production plant. The owners of SunPine have decided to invest in a completely new facility adjacent to the company’s existing plant at Haraholmen in Piteå. Capacity will be increased by 50%, as the company says in the press release receive...
April 10, 2018

U.S. wood pellets exports surge to 476.3 thousand tonnes in February

In February, U.S. wood pellets exports have surged 85.0% YoY to 476.3 thousand tonnes, and value has grown by 50.3%, according to the USDA. The exports prices have declined 18.8% to $133 a tonne.The exports to United Kingdom, the main consumer of wood pellets from U.S., increased by 94.9% to 339.7 t...
April 9, 2018

Södra to invest in a new line for tall diesel fuel production in Piteå, Sweden

Together with SunPine’s other partners, Södra has decided to invest SEK 250 million ($30 million) in a new line for tall diesel fuel production. The investment will take place at SunPine’s facility in Piteå, Sweden, and increase today’s production capacity by 50%. The new line is expected to be oper...
April 5, 2018

Björn Wahlroos continues to chair the Board of Directors of UPM-Kymmene Corporation

Björn Wahlroos was re-elected as Chairman, and Berndt Brunow as Deputy Chairman of the Board of Directors of UPM-Kymmene Corporation at the Board of Directors' constitutive meeting that took place today following the Annual General Meeting.In addition, the Board of Directors elected the chairmen and...
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