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Pellet Hoarding, Market Distortions and Oil Prices

By Anna Simet

October 31, 2014

Pellets Thermal 

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Oct. 22 marked the second annual National Bioenergy Day. What started as a grassroots effort to help bioenergy organizations engage better with their communities is becoming a widespread recognition of the benefits of the many types of bioenergy.

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Biomass industry welcomes record pellet demand in Northeast

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By Biomass Thermal Energy Council

October 29, 2014

The Pellet Fuels Institute and the Biomass Thermal Energy Council have announced the biomass industry is experiencing record demand for wood pellet heating fuel in the United States, particularly in the Northeastern region.

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The Herty Advanced Materials Development Center has announced the launch of the Consortium for Advanced Wood-to-Energy Solutions, which aims to spearhead development of commercially-viable, advanced wood-to-energy products.

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Harvest Power Inc. has announced a $20 million financing round. The lead investors were Chicago-based True North Venture Partners, San Francisco-based Industry Ventures, and London-based Generation Investment Management.

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The U.S. Forest Service Chippewa National Forest Ranger Station in Walker, Minnesota, celebrated the second annual National Bioenergy Day Oct. 22 by hosting an open house at its Leadership in Energy and Environmental Design certified facility.

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The Biobased Foundry, established by the National Science Foundation Engineering Research Center for Biorenewable Chemicals based at Iowa State University, is helping researchers launch startup companies.

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The U.S. EPA recently awarded funding to 42 student teams to pursue projects that deliver sustainable, alternative approaches to address environmental problems as part of its People, Prosperity and Plant program.

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Thirteen tribal and mineral development projects in New Mexico, one of which will investigate the possibility of developing a wood pellet plant, were awarded more than $2.8 million in grants by the Department of Interior.

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On and around Oct. 22, nearly 50 coordinated events in the U.S. and Canada are celebrating the second annual National Bioenergy Day. Events feature collaborations by the U.S. Forest Service, governments, universities and bioenergy businesses.

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Ensyn Fuels, a wholly owned subsidiary of Ensyn Corp., has signed a contract with Valley Regional Hospital in Claremont, New Hampshire, for the supply of approximately 250,000 gallons per year of RFO, Ensyn's advanced cellulosic biofuel.

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German Pellets has released financial results for the first half of the year, reporting increased net income. The company also indicated its Urania, Louisiana, facility is on track to begin production by the end of the year.

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ZooShare Biogas Cooperative Inc.'s proposed 500-kW biogas plant in Toronto recently gained traction with the help of 150 investors purchasing bonds, totaling over $1 million in financing for the project.

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Enviva Development Holdings LLC, an affiliate of Enviva LP, recently announced an agreement to acquire Green Circle Energy Inc. The transaction is not currently expected to impact the development of a proposed pellet plant in Mississippi.

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Vega Biofuels Inc. recently announced that its joint venture with Agri-Tech Producers LLC has broken ground on its Allendale, South Carolina, pilot torrefaction plant. The facility is expected to be complete during the first quarter of 2015.

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The U.S. EIA has released its short-term energy and winter fuels outlook, which predicts that, albeit paying higher prices for natural gas and electricity, homeowners will enjoy overall lower heating expenditures this winter.

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Biochemtex and Beta Renewables recently announced they have signed a definitive agreement with Energochemica SE for the construction of a second generation ethanol plant and the annexed energy block for the generation of power and steam.

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Gov. Jay Inslee recently visited the Pacific Northwest Center of Excellence for Clean Energy at Centralia Community College where he announced a $20,000 grant to support efforts to transform woody biomass into fuel-grade heating oil and charcoal.

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A ribbon-cutting ceremony was recently held at Memorial Hospital in North Conway, New Hampshire, to celebrate the commissioning of a new heating system that utilizes Ensyn Corp.'s renewable liquid fuel, known as RFO.

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NexSteppe recently announced it has raised $22 million in its third round of funding. New investors Total Energy Ventures and ELFH Holding GmbH join existing investors Braemar Energy Ventures, CYM Ventures, DuPont Ventures and others.

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Vega Biofuels Inc. has announced that its Allendale, South Carolina, joint venture project with Agri-Tech Producers LLC has been awarded a Value-Added Producer Grant from the USDA in the amount of $200,000.

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Finland-based Neste Oil has announced plans to add biopropane production capabilities to its biorefinery in Rotterdam, Netherlands. Construction of the project is expected to begin immediately, with biopropane sales commencing in 2016.

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Eight years after its elementary became the one of the first schools in the state to use biomass as heating fuel, Troy Public Schools is in the process of converting its high school to wood pellets.

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Vecoplan AG recently celebrated the grand opening of its new 17,000 square-foot technology center in Germany. The facility is equipped with more than 25 machines for the processing, recycling or repurposing of waste and biomass.

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Robert W. Malmsheimer, a professor at the State College of New York, was part of the Society of American Foresters team that provided policy makers with a summary of the existing science regarding forest bioenergy and "carbon debts."

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