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USDA: US wood pellet exports top 938,662 metric tons in March

May 2, 2024

BY Erin Voegele

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Drax produces record 4.2 million metric tons of wood pellets in 2025

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By Erin Krueger

February 27, 2026

Pellets Power UK 

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.

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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.

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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.

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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.

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The U.S. Forest service is offering $95 million through its Wood Innovations program for projects that advance innovative wood uses, expand wood-based construction, and grow U.S. wood energy markets and forest product processing capacity.

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