Pellets News

Drax Group has joined the Race to Zero, committing the company to science-based targets to fight the climate crisis. Led by the United Nations, Drax joins more than 2,000 companies worldwide that have signed up to the campaign, which brings together businesses, cities, regions, states, and universities with a joint commitment to net-zero targets to limit global temperature increased to 1.5oC…
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Enviva has joined the Sea Cargo Charter, a cross-industry partnership of over 20 ship charterers that aims to establish a consistent global framework for transparently assessing and disclosing the climate impact of ship chartering operations. Earlier this year, Enviva announced its goal to become net-zero in its operations by 2030. As part of this target, the company will track and…
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Wood pellet certification scheme ENplus® is expecting to certify more than 14 million tonnes of pellets in 2021. In 2020, the total production of certified pellets was 12.3 million tonnes. These volumes reflect the scheme’s continued expansion and the growing number of companies joining the scheme. One month ago, ENplus announced that the list with active certificates now includes more…
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Drax Group has completed its acquisition of Pinnacle Renewable Energy – a major producer and supplier of compressed pellets. The acquisition received overwhelming support from both companies’ shareholders, with 95.7% of Pinnacle’s and 99.99% of Drax’s shareholders voting in favour. With this move, Drax transforms into a ‘truly’ international business, trading bioenergy from…
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Developing bioenergy with carbon capture and storage (BECCS) at Drax could save the UK energy system and consumers billions of pounds over the next decade, according to a new report. The independent analysis by energy consultancy Baringa, commissioned by Drax Group, evaluates the impact of deploying BECCS at scale as part of achieving the UK’s climate change targets. The report found that…
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Construction is underway on a 112 MW thermal biomass power plant in Japan’s Miyagi Prefecture. Sumitomo Corporation, together with Sumitomo Corporation Tohoku, has commenced construction of the plant in Sendai City. The facility will be located on an industrial site on Sendai Shiogama Port premises, located in Miyagino-ku. With a generation capacity of 112 MW, it will be capable of…
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Pinnacle Renewable Energy has obtained a final order from the Supreme Court of British Columbia, approving its planned takeover by Drax Group. The arrangement, announced earlier this year, will see Drax’s wholly-owned subsidiary, Drax Canadian Holdings, acquire all outstanding shares of Pinnacle for $11.30 (€7.54) in cash per share. In a statement, Pinnacle confirmed that all of the…
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Pinnacle Renewable Energy has received shareholder approval for the planned takeover by Drax Group. A meeting on 31 March saw an ‘overwhelming majority’ of Pinnacle shareholders vote in favour of the arrangement, through Drax’s wholly-owned subsidiary, Drax Canadian Holdings. The arrangement will see Drax’s Canadian business acquire all of the issued and outstanding common shares of…
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Enviva has partnered with Mitsui O.S.K Lines (MOL), a global marine transport group, to develop and deploy an environmentally friendly bulk carrier. Under the memorandum of understanding agreement, the firms will aim to reduce greenhouse gas (GHG) emissions in the ocean transportation of sustainable wood pellets. In the initial stage, the partnership will explore the environmental benefits,…
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USTC has acquired 60% of CM Biomass, a major independent wood pellet trading company. USTC, which has a long history in commodity trade, shipping, and logistics, acquired the stake of CM Biomass, a company within the Copenhagen Merchants Group. The remaining 40% will be held by the existing owners. CM Biomass will form a new, separate entity in the USTC portfolio that already includes…
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The Southern Environmental Law Center (SELC) has sued to stop Active Energy Renewable Power and Lumberton Energy Holdings, subsidiaries of Active Energy Group (AEG) from illegally polluting the Lumber River in violation of the Clean Water Act. The complaint filed by the conservation groups on 10 March in the US District Court for the Eastern District of North Carolina (NC) outlines concerns…
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Magazyn Biomasa, publisher of the ‘Pellet Market’ and organiser of the Pellet Forum conference, is preparing the first comprehensive publication in Poland on the domestic pellet sector. The ‘Wood pellet in Poland’ report will be released in April. The scope of the study will cover a wide range of aspects related to the industry: pellet emissivity compared to other solid fuels; data…
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The Fort Nelson First Nation (FNFN) has hit back against claims that wood pellet facility plans would be harmful to the environment. A Canadian Centre for Policy Alternatives report criticised the project, for which FNFN has partnered with Peak Renewables, suggesting that ‘forest exploitation plans are back on the front burner’. FNFN fought back, stating that ‘certain environmental…
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Drax is to kick-start the planning process for its proposals to build bioenergy with carbon capture and storage (BECCS) technology in the UK, marking a major milestone in the project. The firm has already transformed its power station near Selby in North Yorkshire to become the largest decarbonisation project in Europe, having converted it to use sustainable biomass instead of coal. Now, it…
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