On Dec. 15, Canadian pellet producer Pinnacle Renewable Energy filed a preliminary prospectus with securities regulatory authorities in Canada for a proposed initial public offering (IPO) of common shares.
Rentech has filed for bankruptcy and sold off the bulk of its assets, including an Ontario wood pellet plant and U.S. wood pellet business New England Wood Pellet. The bankruptcy filing lists Lignetics of New England Inc. as the buyer of NEWP. READ MORESHARE
Enviva has announced a new joint venture (JV) with affiliates of The John Hancock Life Insurance Co. to acquire, develop and construct pellet plants and deep-water marine terminals. A South Carolina facility is expected to be the first acquisition. READ MORESHARE
The U.S. Energy Information Administration has released the December edition of its Monthly Densified Biomass Fuel Report, announcing respondents reported producing 433,464 tons of utility pellets and 133,344 tons of heating pellets in September.
Drax Group plc has announced an unplanned outage on the rail unloading facilities at Drax Power Station is restricting biomass deliveries to plant. Drax also said generation on two biomass-fired units has been reduced.
In early December, the government of Alberta announced plans to award $1.4 billion over seven years to support innovative projects funded by the Climate Leadership Plan. A portion of that funding will support bioenergy and biofuel projects.