Pellet Mill Press - November 5, 2019

Enviva discusses new capacity development in Q3 earnings call Enviva released Q3 financial results on Oct. 30, reporting its highest ever quarterly adjusted EBITDA. During an earnings call, company officials discussed planned capacity increases, including the construction of a new plant in Mississippi. READ MORE SHARE
Drax strengthens biomass sustainability policy Drax has strengthened its biomass sustainability policy and set up an independent advisory board (IAB) of scientists, academics and forestry experts to ensure the biomass the company uses to generate renewable electricity meets the highest standards. READ MORE SHARE
	Pinnacle signs off-take contract with Mitsui Pinnacle Renewable Energy Inc. announced Oct. 17 it has secured a new long-term, take-or-pay off-take contract with Japan-based Mitsui & Co. Ltd for the supply of 100,000 metric tons of industrial wood pellets annually beginning in 2023. READ MORE SHARE
ENplus opens public consultation on newly drafted standards Pellet quality certification scheme ENplus announced Oct. 7 it is undergoing a major overhaul of its requirements and procedures. As part of that effort, ENplus has opened a second public consultation on its newly drafted standards. READ MORE SHARE
Forest Service offers $8 million through Wood Innovations Program The U.S. Forest Service announced Oct. 22 that it will invest up to $8 million in grants for projects designed to expand wood products and wood energy markets that support sustainable forest management, particularly in areas of high wildfire risk. READ MORE SHARE
USDA seeks nominations for forest restoration advisory panel The U.S. Forest Service is seeking nominations for the Collaborative Forest Landscape Restoration Advisory Panel, which evaluates and provides recommendations on Collaborative Forest Landscape Restoration Program proposals. READ MORE SHARE
EIA: Densified biomass fuel sales reach 730,000 tons in July The Energy Information Administration hasreleased data showing U.S. manufacturers produced 790,000 tons of densified biomass fuel in July, with sales at 730,000 tons. Inventories of both premium/standard pellets and utility pellets were up in July. READ MORE SHARE
Graanul Invest acquires Texas pellet facilities Configure Partners LLC announced European pellet producer Graanul Invest has acquired the operating assets of Texas Pellets Inc. and German Pellets Texas LLC through a bankruptcy auction held earlier this year. READ MORE SHARE
Energy Secretary Rick Perry announces plans to resign U.S. Energy Secretary Rick Perry on Oct. 17 announced plans to resign from his post, effective later this year. The White House has not yet announced a nominee to replace Perry following his departure. READ MORE SHARE
USDA, DOE partner to promote rural energy, technology development The USDA and U.S. Department of Energy have announced a memorandum of understanding to promote rural energy and the development of technologies that will support and advance rural and agricultural communities and domestic manufacturing. READ MORE SHARE