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AEG announces progress with Ashland production, Canadian patent

June 9, 2021

BY Erin Voegele

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Drax launches new Ultrabulk ship, the ‘Ultra Yorkshire,’ at ceremony in Japan

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By Drax Group plc

July 18, 2024

PelletsBusinessPower

This year marks the 50th anniversary of Drax Power Station beginning to generate power and to celebrate this occasion the owners of the new ship, Ultrabulk, invited Drax to name their latest vessel.

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Maine Gov. Janet Mills on July 2 announced the award of a $100,000 grant to the Maine Pellet Fuels Association. The funding will support efforts to expand domestic markets for wood pellet fuel manufactured within the state.

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The European Commission on July 2 approved, under EU State Aid rules, Sweden’s plans to provide up to EUR 3 billion in subsidies to support carbon capture and storage (CCS) projects focused on biogenic CO2.

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Revelyst on July 10 announced the sale of the assets of Fiber Energy Products, the company’s wood pellet manufacturer, to Lignetics, Inc. Fiber Energy began producing 100 percent all-natural wood pellet fuel in 2006.

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Wood pellet consumption in the EU fell by 1.2% last year despite increased production, according to a report filed with the USDA FAS Global Agricultural Information Network. EU wood pellet demand and production are both expected to increase in 2024.

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