Pellets News

Pinnacle Renewable Energy announced its financial results for the fourth quarter of 2020, reporting a 27.8% revenue increase compared to the same period in 2019. Revenue in Q4 2020 was $116.9 million (€76.3 million), up by $25.4 million (€16.5 million) on Q4 2019. The company’s net loss was $2.5 million (€1.6 million) in Q4 2020 compared to $3.1 million (€2 million) in 2019. The net…
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Drax Group has announced its 2020 results, reporting a 7% increase in pellet production and a further £2 million (€2.3 million) in adjusted EBITDA compared to 2019. The company’s adjusted EBITDA from continuing and discontinued operations increased by £2 million (€2.3 million) to £412 million (€477 million), including the £60 million (€69 million) impact of COVID-19 on the…
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Mississippi regulators have fined a wood pellet production facility owned by Drax $2.5 million (€2.06 million) for breaking environmental rules. The Amite wood pellet facility is located in south-western Mississippi in the town of Gloster. Commissioned in August 2015, the plant sits on 62 acres of land and has around 60 employees. The facility can produce up to 525,000 tonnes of pellets…
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Portuguese firm Futerra Torrefaçao e Tecnologia (Futerra Fuels) has commenced production of white and torrefied pellets at its new facility. The plant in Valongo, near Porto, includes six torrefaction lines delivered by Yilkins, which are embedded in the broader plant set-up developed by Futerra Fuels. The facility can switch production from regular white wood pellets to torrefied pellets,…
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Enviva has announced its goal of achieving net-zero greenhouse gas (GHG) emissions from its operations by 2030. The company set forward an ambitious plan to eliminate GHG emissions from its operations in keeping with international climate goals, including a Paris Agreement’s goal to limit global temperature rise to 1.5oC. “At Enviva, fighting climate change is at the core of what we…
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Researchers at the University of Saskatchewan (USask) in Canada have discovered a way to help utilise agricultural waste to produce pellets. Tumpa Sarker, a PhD candidate in USask’s department of chemical and biological engineering, has found that heating canola meal, canola hull, and oat hull before compressing it yields a higher quality pellet with lower moisture content and volume, and…
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Pellet producer Waste Knot Energy has signed a £132 million (€150 million) deal with international supply management firm Komercon. Under the terms of the agreement, Waste Knot Energy will supply 3.6 million tonnes of pellets over the next five years to Komercon, which has its head office in the Netherlands, giving it the ability to close long-term supply agreements for its…
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Active Energy Group has secured a further $10 million €8.2 million in funding, while also converting all existing debt to equity. The new funding and clean balance sheet will allow the firm to accelerate the development of its CoalSwitch™ production facility in Lumberton, North Carolina. AEG has developed technology that converts waste biomass into CoalSwitch pellets that perform in the…
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Pinnacle Renewable Energy has received notice of regulatory charges laid by Alberta Occupational Health and Safety (OHS) following its investigation of the explosion which resulted in injuries at its plant in Entwistle, Alberta. On 11 February 2019, Pinnacle reported that a fire broke out and cause damage to part of the facility. At the time, it was reported that one employee had been sent to…
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British Columbia’s Port of Prince Rupert will benefit from a provincial investment of $25 million (€20.5 million) to improve and expand operations. The investment will support British Columbia and Canadian exporters’ competitiveness and opportunities in international trade. The Prince Rupert Port Authority recently announced it had set another record for annual cargo volumes. Despite…
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Pinnacle Renewable Energy has entered into an extension of a long-term, take-or-pay off-take contract with Mitsubishi Corporation in Japan. Under the terms of the extension, Pinnacle will supply 80,000-90,000 tonnes of per annum of industrial wood pellets to Mitsubishi, beginning in the first quarter of 2023. The pellets will be used by a biomass power generation facility in Japan. Duncan…
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A biomass pellet mill facility will be built on Australia’s Kangaroo Island, thanks to a $5.5 million (€3.4 million) bushfire recovery grant. Over the past 12 months, Kangaroo Island Plantation Timbers (KIPT) has worked to secure diversified markets for dry product – logs produced from forests that have been damaged by bushfire, beyond the tolerance of traditional market exports. KIPT…
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Arkansas-based Highland Pellets has entered into a $135 million (€111 million) strategic capital partnership with Orion Energy Partners to fund the expansion and upgrade of its wood pellet facility in Pine Bluff. The partnership will also provide capital for additional long-term growth initiatives at the facility. The plant is supported by a long-term contract with a major European power…
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Pellet production has started at Pinnacle Renewable Energy’s new facility in Alberta, Canada. Pinnacle owns 50% of the new facility in High Level and 50% is owned by Tolko Industries through a limited partnership. The High Level mill further diversifies the company’s supply base using high-quality wood fibre sourced primarily from Tolko’s sawmill in the area. The mill has a projected…
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