January 29, 2018
BY Tim Portz
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Drax Group plc on Feb. 26 released 2025 financial results, reporting record high pellet production. The company, however, is launching a strategic review of its Canadian pellet operations due to a constrained fiber market and low margins.
The Fond du Lac Band of Lake Superior Chippewa is celebrating the grand opening of its $3.1 million Brookston Community Center Biomass Heating System. The project was funded in part by a $2.49 million grant from the U.S. Department of Energy.
U.S. manufacturers produced approximately 880,000 tons of densified biomass fuel in September, according to the U.S Energy Information Administration. Sales of densified biomass fuel reached 970,000 tons during the month.
The U.S. Forest service is offering $95 million through its Wood Innovations program for projects that advance innovative wood uses, expand wood-based construction, and grow U.S. wood energy markets and forest product processing capacity.
The U.S. exported more than 10.09 million metric tons of wood pellets in 2025, up more than 1% when compared to 2024, according to data released by the USDA Foreign Agricultural Service on Feb. 19.