
SOURCE: U.S. Energy Information Administration
June 24, 2024
BY Erin Krueger
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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 California Legislative Analyst’s Office, the state legislature’s nonpartisan fiscal and policy advisor, on Feb. 24 recommended state lawmakers do not move forward with California Gov. Gavin Newsom’s proposal to create a SAF tax credit.
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.
VAROPreem is launching Preem Redefine HVO100, a Nordic Swan Ecolabelled fuel, in Norway. The fuel is produced from raw materials such as residues from paper pulp production and food industries.
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.