Baltpool launches biomass traceability tool
The launch of the biomass traceability tool means that, from now on, before selling biomass, the seller will have to provide detailed information about its products. The tool will indicate the exact location from where the biomass will be transported and under which contract; the quantity of the supplied biomass, and the raw materials that were used to produce it.
Additionally, sellers will be required to indicate any relevant certificates. An option to attach images of the raw materials will also be available.
“Our vision is to make our biomass trading platform the number one choice for sustainable biomass trade in Europe,” said Andrius Smaliukas, CEO of Baltpool, “so we decided to develop a tool enabling participants to easily find all the information they need about the origin of the raw materials of biomass.
“This is the first step in making it easier for market participants to comply with the requirements of RED II.”
After viewing all the information provided by the seller, the buyer will be able to accept the fuel via an online application. This is done by entering the necessary data during the biomass acceptance process: specifying the weight in tonnes, entering the data of the taken samples, and attaching images of the raw materials. All of this information will be visible in the trading platform’s quality reports.
Gustav Melin, CEO of the Swedish Bioenergy Association, commented: “When phasing out fossil energy, biomass fuels are an easy and efficient solution that works.
“With the new Baltpool biomass traceability tool, buyers will be able to demonstrate their compliance with the ambitious European sustainability criteria. In fact, bioenergy is currently the most controlled and sustainable energy source that we have.”
Buyers and sellers will be able to use the tool to calculate preliminary CO2 emissions, view statistics on the amount and type of raw materials, and the location from which they were transported under certain contracts.
Baltpool currently operates in the Baltic and Nordic countries and has over 470 participants. The exchange sells wood chips, wood pellets, fuel peat, and lignin. In 2020, 5.5 TWh of biomass was sold on the exchange and 5,629 transactions were concluded, amounting to €54.9 million.