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HASI invests in Bioenergy Devco

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By Bioenergy Devco

March 21, 2023

Advanced Biofuels Biogas Power Thermal 

Bioenergy Devco, the North American division of BTS Bioenergy LLC, on March 20 announced a $30 million investment by Annapolis-based HASI, a leading investor in climate solutions. The investment will support the development of biogas projects.

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President Joe Biden has proclaimed March 21 as National Agriculture Day. Agriculture Secretary Tom Vilsack and EPA Administrator Michael Regan issued comments recognizing the ag community for it work to provide the U.S. with food, fuel and fiber.

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Drax Group plc on March 21 announced it is pausing its investment in its U.K. bioenergy with carbon capture and storage (BECSS) project while it awaits clarity regarding the U.K. government's commitment to support BECSS.

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Montauk Renewables Inc. released fourth quarter results on March 16, reporting that full-year revenues were up in 2022 due to increased RNG and RIN pricing. RNG production was down slightly, but renewable power production increased.

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The U.S. DOE has announced $590 million to renew its four existing Bioenergy Research Centers. This funding will help support the DOE's research into the next generation of sustainable, cost-effective bioproducts and bioenergy.

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The Hawaii Supreme Court on March 13 rejected an appeal filed by Hu Honua Bioenergy LLC challenging a May 2022 order issued by the Hawaii Public Utilities Commission denying the company's PPA with Hawaiian Electric Light Co. Inc.

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The U.S. Energy Information Administration recently released data showing U.S. manufacturers produced approximately 900,000 tons of densified biomass fuel in November, with sales reaching 850,000 tons.

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Drax is partnering with the Federation of Southern Cooperatives that will help minority and underserved small landowners in the U.S. South with greater access to the biomass market, further encouraging sustainable forestry management.

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The assets of Cedar Road Bioenergy Inc., located in Nanaimo on Vancouver Island, British Columbia, are being offered for sale via an online auction that ends March 21. The landfil gas-to-energy facility opened in 2009 and opeated through 2020.

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The U.S. exported 637,518.4 metric tons of wood pellets in January, down from both 917,175.4 metric tons the previous month and 655,656.5 metric tons in January 2022, according to data released by the USDA Foreign Agricultural Service on March 8.

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The USDA on March 8 kicked off the inaugural National Biobased Products Day and highlighted the accomplishments of people and organizations working to improve sustainability within the federal government.

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On the inaugural National Biobased Products Day, the Agriculture Energy Coalition released a letter to Senate and House Agriculture Committee leaders urging them to preserve funding for Farm Bill energy title programs.

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Marathon Petroleum Corp. on March 8 announced it has acquired a 49.9 percent interest in LF Bioenergy, an emerging producer of renewable natural gas (RNG) in the U.S., from Cresta Fund Management for $50 million.

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The U.S. Energy Information Administration released its latest Short-Term Energy Outlook on March 7, predicting that renewables will account for 24 percent of U.S. electricity generation this year, expanding to 26 percent in 2024.

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The U.S Department of Energy's Bioenergy Technologies Office and the National Renewable Energy Laboratory are launching the next phase of the organic Waste-to-Energy Technical Assistance for Local Governments.

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Genesis Energy, a New Zealand-based electricity and natural gas retailer, on Feb. 21 announced the successful completion of a biomass burn trial at its as part of its effort to find alternative options for a coal-fired power plant.

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The DOE in mid-February opened a $50 million funding opportunity to support clean energy technology deployment on Tribal lands. Projects utilizing, biomass, biogas, RNG and renewable hydrogen systems are among those eligible to apply.

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Divert Inc. has announced a $1 billion infrastructure development agreement with Enbridge Inc. The agreement will support the development of wasted food to renewable natural gas (RNG) facilities across North America.

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Viridi Energy has begun construction on a landfill renewable natural gas (RNG) project at the Marathon County Solid Waste Department's landfill in Ringle, Wisconsin. The project will convert a dormant biogas-to-energy project into an RNG facility.

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Natural Resources Canada is investing $35 million in Whitesand First Nation-owned Sagatay Co-Generation Limited Partnership to deploy a 6.5 MW biomass-fired CHP facility that will provide energy to three communities and a proposed pellet plant.

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FutureMetrics Inc. has published a white paper that explores offtake pricing relationships between pellet producers and pellet buyers and discusses whether pellet producers can make money in current markets with their legacy offtake agreements.

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Drax Group plc released 2022 financial results on Feb. 23, reporting that the company produced 3.9 million metric tons of wood pellets at its North American facilities last year, up 27 percent when compared to 2021.

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FPU Renewables LLC on Feb. 21 announced plans to construct, own and operate a dairy manure renewable natural gas (RNG) facility at Full Circle Dairy in Madison County, Florida. The project is expected to be operational in 2024.

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Shell Petroleum NV, a wholly owned subsidiary of Shell plc, has completed the acquisition of 100 percent of the shares of Nature Energy Biogas A/S, the largest producer of renewable natural gas (RNG) in Europe.

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BPA applauds $1.4M DOE grant for bioenergy carbon capture project

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By Biomass Power Association

February 20, 2023

The Biomass Power Association is applauding $1.4 million in DOE funding awarded to CMS Enterprises to support a project in Michigan that aims to retofit an existing power plant to fire 100 percent biomass and enable CO2 capture technology.

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DOE researchers partner to pelletize waste materials

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By Lynn Wendt, Idaho National Laboratory

February 13, 2023

Researchers at The U.S. Department of Energy's Idaho National Laboratory have pioneered a technique for combining non-recyclable plastics and paper fiber to form pellets with an energy content like bituminous coal.

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Goldman Sachs Asset Management, through its infrastructure investing business has established Verdalia Bioenergy, a new business focused on developing, acquiring, building and operating biomethane plants across Europe.

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The U.S. Department of Energy on Jan. 30 awarded $131 million for 33 carbon management projects. At least four of the funded projects specifically address carbon capture related to bioenergy and biofuels.

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The U.S. Energy Information Administration recently released data showing U.S. manufacturers produced approximately 940,000 tons of densified biomass fuel in October, with sales reaching 940,000 tons.

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Renewables are expected to 24 percent of U.S. electricity generation in 2023, increasing to 26 percent in 2024, according to the U.S. Energy Information Administration's latest Short-Term Energy Outlook, released Feb. 7.

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