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Fossil fuel reliance stalls EU pellet market growth

SOURCE: Bioenergy Europe

June 24, 2024

BY Bioenergy Europe

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CM Biomass reports record earnings despite industry challenges

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By Erin Voegele

June 27, 2024

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Denmark-based wood pellet producer and trader CM Biomass on June 25 released results for the company’s 2023-’24 fiscal year, reporting record earnings despite significant challenges experienced by the biomass industry.

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The U.S. EPA on June 25 awarded more than $8.8 million to the Northeast States for Coordinated Air Use Management to support emissions testing and other activities aimed at reducing air pollution from wood heaters.

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U.S. manufacturers produced approximately 920,000 tons of densified biomass fuels in March, according to the June edition of the U.S. EIA’s Monthly Densified Biomass Fuels Report. Sales of densified biomass fuel reached 880,000 tons during the month.

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DNV, the independent energy expert and assurance provider, has validated a new methodology for the certification of net carbon dioxide removals delivered using bioenergy with carbon capture and storage (BECCS).

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Toyota Tsusho Corp. on June 17 announced that the 75-MW Yatsushiro Biomass Power Plant has begun commercial operations. The facility, located in Yatsushiro City, Kumamoto Prefecture, Japan, can be fueled with both wood chips and wood pellets.

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