Biomass News

The Macquarie Group-backed company behind a long-delayed power plant in northern England is considering raising as much as £150 million (€172 million) from investors so it can start operating in July, according to Bloomberg. MGT Teesside Ltd., which owns and operates Tees Renewable Energy Plant, will raise the money to bolster liquidity and cover costs including debt coming due in June,…
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The BDO Zone Initiative has issued an ‘AA’ rated BDO Zone designation for Natchez, Mississippi in the US for 4.1 million bone-dry tons per year of woody biomass. Natchez Inc and Ecostrat have announced the issuance of a new Bioeconomy Development Opportunity (BDO) Zone designation for woody biomass. The Natchez BDO Zone is rated ‘AA’, or very low risk, based on numerous positive…
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Researchers from the German Biomass Research Centre (DBFZ) and the Helmholtz Centre for Environmental Research (UFZ) looked at the role of biomass in Germany's national energy transition, and the priority target market for bioenergy sources. Their findings were presented in the completed project entitled "SoBio—Scenarios of optimal biomass use for energy by 2030 and by 2050." The research…
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Singapore-listed Asiatic Group (Holdings) Ltd is disposing of its 30% stake in Maju Intan biomass power plant in Perak, marking its exit from the troubled biomass project after over ten years, reported The Edge Markets. Asiatic's stake in the project company Maju Intan Biomass Energy is being disposed to Etagreen Management for RM10, plus financial support of approximately RM34.5 million, it…
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Valmet has announced it will convert Helen Ltd's coal-fired district heat boiler to bubbling fluidised bed (BFB) combustion to enable wood pellet firing at the Salmisaari ‘A’ power plant in Helsinki, Finland. The conversion promotes the company’s goal of phasing out coal and at the same time strengthens the construction of a sustainable energy system. The order is included in Valmet’s…
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CHAR Technologies (CHAR) has signed a memorandum of understanding (MOU) with the First Nations co-operative Lake Nipigon Forest Management (LNFMI) to collaboratively develop, build, own and operate a wood waste and residues to renewable natural gas (RNG) and biocarbon facility in the Lake Nipigon Region of Northern Ontario, Canada. LNFMI is a forest management co-operative comprised of four…
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Enviva has released its financial results for Q1 2023, reporting a net loss of $116.9 million (€105.7m), as compared to a net loss of $45.3m (€40.9m) for the same period in 2022. The company further reported adjusted EBITDA for Q1 2023 of $3.4m (€3m), as compared to $36.6m (€33.1m) for the corresponding quarter last year. The company put its performance down to operating cost overages…
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Drax Power Station, the UK’s biggest generator of renewable electricity, is projecting a symbol onto one of its huge cooling towers this weekend to celebrate the coronation of King Charles III. Electricity has been generated by Drax since 1974 after it was built by the Central Electricity Generating Board, in an area of Yorkshire known as Megawatt Valley due to a fleet of coal-fired power…
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Enexor Bioenergy (Enexor), based in Tennessee, US, has been awarded a demonstration grant from the US Department of Defense's (D0D) environmental security technology certification programme (ESTCP). The funding will be utilised to demonstrate Enexor's Bio-CHP system at a US Navy installation, to convert organic and plastic waste into renewable energy. The primary goal and application is to…
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The world-leading certification scheme to guarantee high-quality wood pellets, ENplus®, has reported 13.3 million tonnes of certified pellets in 2022, while the certified production this year is projected to surpass 14 million tonnes*. “In 2022, the pellet market was heavily affected by the energy crisis. The pellet prices increased all over Europe and some countries even experienced problems…
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The Lenzing Group, a provider of specialty fibres for the textile and nonwovens industries, has signed a contract for the acquisition of a 43 MW biomass power plant from ENERGIE 42 Beteiligungs, located in the Heiligenkreuz business park in Austria. The execution of the transaction is subject to regulatory approvals, and is expected in the second quarter of 2023. The strategic investment is…
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Ofgem has commissioned a probe into biomass firm Drax's adherence to sustainability rules, the Financial Times reported. The UK energy regulator has tasked US consultants with examining Drax over its use of biomass, having launched an investigation into Drax in 2022, according to documents procured via a Freedom of Information application. A Drax spokesperson told ELN: “Ofgem has recently…
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Drax Group has announced a £150 million (€169.4m) share buyback programme and lowered its annual capital expenditure forecast, after it paused further investment in projects to capture and store carbon dioxide in the UK. The British biomass giant said it plans to return the sum to shareholders in a programme that is due to commence in Q2 '23, and which will be completed by the end of this…
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Last week, West Biofuels, broke ground on a critically needed three-megawatt (MW) bioenergy plant in Burney, California that will convert forest waste and sustainably sourced wood to renewable electricity, heat and biochar. The new source of clean, renewable energy will help reduce wildfire risk, lower California's carbon footprint, and strengthen the region's economy. The bioenergy facility is…
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