
SOURCE: FORISK WOOD FIBER REVIEW
October 30, 2023
BY Brooks Mendell and Stephen Wright
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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.
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.
Clean Energy Fuels Corp. released fourth quarter financial results on Feb. 24, reporting the company sold 64.1 million gallons of renewable natural gas (RNG) during the period, up 3.4% when compared to the fourth quarter of 2024.
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.