Pellet Mill Press - January 2, 2018

Pinnacle Renewable Energy files for IPO in Canada On Dec. 15, Canadian pellet producer Pinnacle Renewable Energy filed a preliminary prospectus with securities regulatory authorities in Canada for a proposed initial public offering (IPO) of common shares. READ MORE SHARE
Rentech files bankruptcy, sells Atikokan, NEWP pellet plants Rentech has filed for bankruptcy and sold off the bulk of its assets, including an Ontario wood pellet plant and U.S. wood pellet business New England Wood Pellet. The bankruptcy filing lists Lignetics of New England Inc. as the buyer of NEWP. READ MORE SHARE
	Enviva announces new joint venture, acquisition of pellet plant Enviva has announced a new joint venture (JV) with affiliates of The John Hancock Life Insurance Co. to acquire, develop and construct pellet plants and deep-water marine terminals. A South Carolina facility is expected to be the first acquisition. READ MORE SHARE
EIA releases pellet production, sales data for September The U.S. Energy Information Administration has released the December edition of its Monthly Densified Biomass Fuel Report, announcing respondents reported producing 433,464 tons of utility pellets and 133,344 tons of heating pellets in September. READ MORE SHARE
Drax reports biomass outage following rail-related fire Drax Group plc has announced an unplanned outage on the rail unloading facilities at Drax Power Station is restricting biomass deliveries to plant. Drax also said generation on two biomass-fired units has been reduced. READ MORE SHARE
Alberta to provide funding to support biofuels, bioenergy In early December, the government of Alberta announced plans to award $1.4 billion over seven years to support innovative projects funded by the Climate Leadership Plan. A portion of that funding will support bioenergy and biofuel projects. READ MORE SHARE
DOE announces plan to modernize department The U.S. Department of Energy recently announced its intent to modernize the agency’s organizational structure to advance its policy goals consistent with its statutory requirements. READ MORE SHARE