The UK government has launched a consultation on how to support the development of biomass energy generation with associated carbon captured in the UK over the next decade. Drax plans to invest GBP 2 billion in what will be the biggest carbon capture in power project in the world, supporting UK energy security, deliver...
The export volume jumped 38% to 832 thousand tons.
The British Columbia province provided $149,500 over the past three years to Atli Resources Limited Partnership (Atli Resources LP), which is the forestry arm of the 'Na̱mg̱is First Nation, to support the acquisition of a northern Vancouver Island chipping facility: Atli Chip LP, located in Beaver Cove on the territory...
The import volume jumped 50.8% to 361.6 thousand tonnes.
Rengo Co., Ltd. will install a new biomass boiler for power generation at Tonegawa Division in Japan to promote alternative fuel sources. Scheduled to commence operation in October 2022.
Mercer International Inc. has entered into an agreement to acquire all of the outstanding shares of the parent company of HIT for consideration of Euro 270 million, inclusive of forecasted net working capital of approximately Euro 43 million.
The import volume increased 15.0% to 416.0 thousand tons.
Conifex Timber Inc. announced a delay in the resumption of operations at its power plant in Mackenzie, British Columbia, Canada, following the previously disclosed dispatch period. In the course of annual maintenance of the power plant, damage to the plant's turbine has been discovered. The Company does not currently a...
Moelven is investing NOK 382 million ($36 million) in a new pellet factory and plant for energy production at Moelven Valåsen in Karlskoga, Sweden. The innovative pellet factory is scheduled to be operational in the autumn of 2024.
Renewable energy company Drax Group is expanding its operations into Japan. To celebrate the launch of Drax Asia and the opening of a new Drax office in Japan, more than 160 guests including government officials, major trading houses, energy businesses and shipping companies, attended a reception at the British Ambassa...
In 2021, the value of Russian exports of wood pellets to the UK amounted to $64.7 million.
Drax has submitted plans to build its multi-billion-pound bioenergy with carbon capture and storage (BECCS) project at its North Yorkshire power station. Work to build BECCS could start as soon as 2024 with the creation of tens of thousands of jobs.
Drax Group and Japanese shipping company MOL Drybulk Ltd. are working together to reduce the emissions and fuel costs associated with shipping biomass by deploying wind power technology on its vessels. The newly built vessels will be fitted with MOL’s Wind Challenger hard sail technology, with the first ship expected t...
Arbor Renewable Gas LLC is evaluating West Baton Rouge Parish for a planned $800 million manufacturing and distribution facility employing carbon capture and sequestration emissions-reduction technology. Operating as Magnolia Renewable Fuels LLC, the new facility would produce renewable gasoline from wood waste biomass...
KPA Unicon and Versowood have signed a contract on a major modernisation of the Otava sawmill in Finland. The KPA Unicon delivery includes the replacement of the old boiler with a new bio-boiler and a Unicon Bag Filter flue gas cleaning system. In addition, the plant will be equipped with the PlantSys digital service p...
Enviva announces the signing of a 60,000 metric ton per year, 12-year, take-or-pay off-take contract with an existing customer, a large European utility, for industrial heat generation, with deliveries expected to commence during 2026.
Enviva Inc. to expect reported financial results with respect to the 2Q 2022 to be similar to reported results for the 1Q 2022, as the company exited its seasonally soft period and is capitalizing on the substantially increased plant availability driven by the reduction of COVID-related absenteeism and improving perfor...
EVP, Metsä Forest Juha Jumppanen and EVP, Metsä Wood Jaakko Anttila have been appointed members of Metsä Group's Executive Management Team as of August 1, 2022. They report to Ilkka Hämälä, President and CEO of Metsä Group.
The import volume added 0.8% to 659 thousand tons.
From July 10, the supply of pellets from Russia to Europe, which in 2021 accounted for 80% of Russian exports of these products, will completely stop. Last year, the country's income from the export of pellets amounted to $320 million.