Pellet Mill Press - May 16, 2017

Enviva reports solid operating performance Enviva Partners LP has released first quarter financial results, reporting net revenue of $122.1 million, up 13.9 percent from the same quarter of last year. Net income was $2.5 million, down from $5.5 million. READ MORE SHARE
South Korea long-term pellet offtakes unlikely, experts say While South Korea’s consumption of industrial wood pellets is growing and expected to continue, the prospect of North American producers securing long-term offtake agreements with utilities in the country in the near-term is grim, FutureMetrics said. READ MORE SHARE
	Pinnacle Renewable Energy building Alberta pellet plant Parkland County officials announced on May 3 that the Pinnacle Renewable Energy Inc. will build a new, $85 million pellet plant near Entwistle in central Alberta. READ MORE SHARE
Perdue unveils plan to reorganize USDA On May 11, Agriculture Secretary Sonny Perdue released a plan to reorganize the USDA that creates an undersecretary for trade and agricultural affairs and eliminates the undersecretary for rural development. READ MORE SHARE
Rentech releases first quarter financial results Rentech Inc. has released first quarter financial results, reporting consolidated revenues from continuing operations of $32.2 million, down from $39.9 million during the same period of the previous year. Gross loss was $700,000. READ MORE SHARE
EIA updates short-term biomass power forecasts The U.S. Energy Information Administration has released the May edition of its Short-Term Energy Outlook, which includes 2017 and 2018 forecasts for biomass power generation. READ MORE SHARE
Technology-neutral energy tax reform bill introduced Sen. Ron Wyden, D-Ore., has introduced legislation that would even further level the playing field for biomass-derived power, heat and liquid fuels. READ MORE SHARE
California Senate leader unveils 100 percent clean energy bill California Senate President pro Tempore Kevin de León, D-Los Angeles, on May 2 introduced Senate Bill 100, the California Clean Energy Act of 2017, which puts the state on the path to 100 percent clean, renewable energy by 2045. READ MORE SHARE
NEB report addresses biomass power generation in Canada The National Energy Board recently released a report on Canada’s adoption of renewable power sources, reporting the country generates a larger share of its electricity from renewable sources than most other developed economies in the world. READ MORE SHARE
Omnibus bill policy rider deems forest bioenergy carbon neutral The $1 trillion Omnibus spending bill up for consideration by the House and Senate this week includes a policy rider that calls for federal recognition of forest bioenergy carbon neutrality. READ MORE SHARE
BETO launches Bioenergy Career Map The Energy Department’s Bioenergy Technologies Office and Argonne National Laboratory have developed an Bioenergy Career Map, an educational tool that helps users discover traditional and nontraditional career opportunities in the bioenergy industry. READ MORE SHARE