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January 31, 2018

BY Anna Simet

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Sweden wins approval for BECCS subsidies

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By Erin Voegele

7 hours ago

PolicyCarbon CapturePelletsPower

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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Japan-based Renova Inc. on July 8 announced that startup of its 75-megawatt (MW) Omaezakikou Biomass Power Plant will face additional delays. The facility is now expected to begin operations in October.

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The Alliance for Green Heat on June 28 released the results of a survey of pellet stove owners it launched earlier this year, reporting that the overwhelming majority respondents are very happy with the performance of their pellet stoves.

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