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USDA: Wood pellet exports at 742,825 metric tons in January

March 7, 2024

BY Erin Voegele

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

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July 18, 2024

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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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American Airlines consumed 2.7 million gallons of SAF in 2023, according to its 2023 Sustainability Report. While that volume of SAF use was up 4% when compared to 2022, it accounted for less than 1% of total fuel use during the year.

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Renewable diesel margins could experience a modest increase this fall, according to CoBank’s latest Quarterly Research Report. If realized, that boost to margins could mitigate softening demand for soybean oil in the biofuel market.

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