Pellet Mill Press - March 7, 2023

Enviva delivers record 1.5 million metric tons of pellets in Q4 Enviva Inc. released fourth quarter financial results on March 1, reporting that the company delivered a record 1.5 million metric tons of wood pellets during the three-month period at higher-than expected sale prices. READ MORE SHARE
Drax: Pellet production up 27% in 2022 Drax Group plc released 2022 financial results on Feb. 23, reporting that the company produced 3.9 million metric tons of wood pellets at its North American facilities last year, up 27 percent when compared to 2021. READ MORE SHARE
	FutureMetrics paper explores pellet offtake pricing relationships FutureMetrics Inc. has published a white paper that explores offtake pricing relationships between pellet producers and pellet buyers and discusses whether pellet producers can make money in current markets with their legacy offtake agreements. READ MORE SHARE
DOE offers $50 million for Tribal clean energy projects The DOE in mid-February opened a $50 million funding opportunity to support clean energy technology deployment on Tribal lands. Projects utilizing, biomass, biogas, RNG and renewable hydrogen systems are among those eligible to apply. READ MORE SHARE
New Zealand power producer successfully trials torrefied biomass Genesis Energy, a New Zealand-based electricity and natural gas retailer, on Feb. 21 announced the successful completion of a biomass burn trial at its as part of its effort to find alternative options for a coal-fired power plant. READ MORE SHARE
Canada invests $35M in 6.5 MW biomass CHP plant Natural Resources Canada is investing $35 million in Whitesand First Nation-owned Sagatay Co-Generation Limited Partnership to deploy a 6.5 MW biomass-fired CHP facility that will provide energy to three communities and a proposed pellet plant. READ MORE SHARE
	Origin launches new biofuels initiative, partners with Avantium Origin Materials Inc. on Feb. 23 held a fourth quarter earnings call, discussing progress with the development of the company’s first commercial-scale facility, a newly launched biofuel initiative and a new partnership with Avantium. READ MORE SHARE
DOE researchers partner to pelletize waste materials Researchers at The U.S. Department of Energy's Idaho National Laboratory have pioneered a technique for combining non-recyclable plastics and paper fiber to form pellets with an energy content like bituminous coal. READ MORE SHARE