Image: Convanta, Biffa and GIG
February 11, 2020
BY Covanta Holding Corp., Biffa plc and Macquarie’s Green Investment Group
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The U.K. is expected to consume a record 10.35 million metric tons of wood pellets in 2026, requiring an estimated 10.15 million metric tons of imports, according to a report filed with the USDA FAS Global Agricultural Information Network.
The Ontario government is investing over $2.1 million in four projects to increase forest sector competitiveness and drive innovative uses for mill by-products and underused wood known as forest biomass.
The U.K. Environment Agency on Aug. 14 formally granted Drax Power Ltd. a permit change that will allow carbon capture to be implemented at Drax Power Station. Drax first applied for the permit variation in May 2023.
The recent announcement by Finch Paper that it will close its pulp mill in Glens Falls, New York, underscores the urgent need for alternative solutions capable of utilizing low-grade wood and forestry waste across Vermont and the Northeastern U.S.
The U.S. Forest Service on Aug. 5 warded $105.5 million in wood innovation grants to 177 projects across the nation. Funded projects include those focused on biochar, bioenergy and wood pellet production.