


SOURCE: Drax Group
July 14, 2022
BY Drax Group
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Drax Group plc released a first quarter trading update on April 30, reporting that the company’s pellet production business is performing well, with a continued focus on cost reduction in its U.S. operations.
U.S. manufacturers produced approximately 900,000 tons of densified biomass fuel in November, according to the U.S. EIA’s Monthly Densified Biomass Fuels Report. Sales of densified biomass fuel reached 970,000 tons during the month.
Researchers at the U.S. Forest Service’s Southern Research Station and Louisiana State University have published a paper that investigates how the European Union Deforestation Regulations could alter global wood pellet trade patterns.
The M.V. Ultra Yorkshire, a Handymax carrier, which was launched and named as part of Drax Power Station’s 50th anniversary celebrations, docked for the first time in the U.K. The vessel is operated by Ultrabulk.
New data from the American Biogas Council shows that thousands of biogas capture systems across the U.S. are already generating reliable, renewable electricity, and that the opportunity to dramatically expand this homegrown power source is vast.