November 21st, 2023

US wood pellet exports at 796,988 metric tons in September

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By Erin Voegele

a few seconds ago


The U.S. exported 796,988 metric tons of wood pellets in September, down 21 percent when compared to August and down 1 percent when compared to September of last year, according to data released by the USDA Foreign Agricultural Service on Nov. 7.

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Enviva Inc. released third quarter financial results on Nov. 9, reporting a net loss of $85.2 million despite a 14 percent increase in metric tons sold. The company also announced leadership changes and discussed efforts to renegotiate contracts.

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President Joe Biden on Nov. 16 signed a temporary spending package, averting a government shutdown that was set to begin at midnight on Nov. 17. The stopgap bill includes a one-year extension of the 2018 Farm Bill.

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Drax on Nov. 8 announced it is partnering with Patch, a climate technology company that is building digital infrastructure for the carbon market. Patch’s software helps voluntary carbon market participants buy, sell, and manage credits.

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Reps. Nikki Budzinski, D-Ill., and Zach, Nunn, R-Iowa, on Nov. 15 announced the introduction of a bill that aims to update the USDA’s Biorefinery, Renewable Chemical and Biobased Products Assistance loan guarantee program.

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The U.S. Energy Information Administration currently expects renewables to account for 22 percent of U.S. electricity generation this year, increasing to 24 percent next year, according to the agency’s latest Short-Term Energy Outlook.

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