Imports of wood chips to European Union expanded 6%.
Biofuel
Kruger’s Corner Brook Pulp and Paper will sell excess green energy from its Deer Lake Power assets to Newfoundland and Labrador Hydro. The agreement, which benefits both entities, will better position CBPP to face increasingly challenging conditions in the global newsprint market.
Finland's heating and power plants consumed a total of 22.4 million solid cubic metres (43.9 terawatt hours) of solid wood fuels in 2023, showing a decrease of 2% from the previous year.
Rengo Co., Ltd. announces that its consolidated subsidiary Taiko Paper Mfg., Ltd. (TPM) has partnered with Biomaterial in Tokyo Co., Ltd. to commence a demonstration project to produce second-generation bioethanol, which is the raw material for sustainable aviation fuel (SAF).
Price for wood chips exported from the U.S. decreased 8%.
Under the agreement, Lake Nipigon Forest Management will oversee the annual wood fiber harvest from the Lake Nipigon Forest, ensuring CHAR Tech’s wood waste feedstock supply for the wood waste-to-renewable energy (RNG and biocarbon) facility.
The agreements should reduce company's debt by approximately $1 billion.
Ence's consolidated operating result (EBITDA) reached Euro 25 million in the fourth quarter and Euro 89 million in 2023.
The Scania truck is slated for delivery by the end of 2024, with a rigorous testing phase planned from 2025 to 2027.
Price for wood chips exported from Vietnam to Japan slipped 4%.
The new turbine will be placed in a new turbine hall on Södra’s industrial site and is scheduled for operation by mid-2026.
Imports of wood chips to Japan slipped 3%.
Price for wood chips imported to Finland decreased 30%.
Modification works are scheduled for the Q1 2025.
This is expected to cover around 15% of the consumption of the German Sonae Arauco plants.
Imports of wood chips to European Union gained 3%.
The United States continued to be the primary supplier, albeit with its supply volume decreasing by 5.4%.
Vietnam, remaining the largest supplier, experienced a decline in its share by 1.4 percentage points, with volumes dropping by 5.3%.
The conference brings together industry experts to discuss trends, challenges, and opportunities in the global softwood log and lumber markets, offering insights and networking opportunities for professionals across the sector.
The average price of wood chips decreased by 8%.