Canadian fibre constraints reduced margins, while lower U.S. costs cut internal pellet sales revenue.
Drax
New agreement includes annual sea-freight emissions cuts as Ultra Yorkshire delivers biomass pellets to Liverpool on B100 biofuel.
Tokyo targets 6% of power from biomass, yet high fuel prices, policy uncertainty, and competition challenge new projects.
Closure decision affects 30 employees after curtailed fibre supply renders British Columbia, Canada, site commercially unviable.
New partnership with NGIS supports satellite monitoring of forest carbon and health indicators in Drax’s biomass supply chain.