Pellet Mill Press - January 7, 2020

Pinnacle to build new pellet plant in Alabama Pinnacle Renewable Energy announced on Dec. 19 plans to build a new 360,000-metric-ton-per-year pellet plant adjacent to an existing sawmill in Demopolis, Alabama. The facility is expected to begin commissioning during the second quarter of 2021. READ MORE SHARE
EIA: Densified biomass fuel sales reach 870,000 tons in September The U.S. Energy Information Administration recently released data showing U.S. manufactures produced approximately 840,000 tons of densified biomass fuel in September, with sales reaching 870,000 tons. READ MORE SHARE
	Trump signs spending bills, tax extenders legislation President Trump signed two legislative packages into law on Dec. 20, avoiding another government shutdown. The packages include all 12 fiscal year 2020 funding bills and tax extenders legislation that will benefit biofuels and bioenergy. READ MORE SHARE
BTEC: Support for woody biomass included in spending, tax deals Congress has passed a $5 million allotment for the new Community Wood Energy and Innovations Program in the $1.4 trillion spending deal, extended the Section 25C Wood and Pellet Stove Credit, and reauthorized the carbon neutrality of biomass policy. READ MORE SHARE
Report predicts strong growth in US pellet exports to Japan A report recently filed with the USDA FAS Global Agricultural Information Network indicates Japan’s market for wood pellets is expanding rapidly. The U.S. is expected to supply Japan with 3 million tons of pellets annually by 2025. READ MORE SHARE
USDA issues final rule for Advanced Biofuel Payment Program The USDA Rural Business-Cooperative Service published a final rule for the Advanced Biofuel Payment Program on Dec. 27. The program provides quarterly payments to producers of eligible advanced biofuels. READ MORE SHARE
BTEC urges inclusion of business credit in GREEN Act The BTEC has thanked the House Ways and Means Committee for including the Section 25D residential biomass heating system tax credit in the draft GREEN Act, but is urging the committee to include the Section 48 credit for commerical biomass systems. READ MORE SHARE
Proposals solicited for 2020 Enviva Forest Conservation Fund The U.S. Endowment for Forestry and Communities has released a new request for proposals for the Enviva Forest Conservation Fund. Up to $500,000 is available for 2020 grants to protect wetland forests in North Carolina and southeast Virginia. READ MORE SHARE
Pinnacle announces fiber supply agreement with ARM Pinnacle Renewable Energy announced on Dec. 16 it has entered into a three-year fiber supply agreement with Alkali Resource Management Ltd. The fiber will be used at Pinnacle's Williams Lake pellet plant in British Columbia. READ MORE SHARE
Forisk acquires the North American Wood Fiber Review Forisk Consulting has acquired the North American Wood Fiber Review from Wood Resources International. The Review, which tracks wood fiber markets in all major regions of the U.S. and Canada, will be published by Forisk beginning in Q1 2020. READ MORE SHARE