Biomass Week - August 12, 2020

Pinnacle sets quarterly records for wood pellet production, sales Pinnacle Renewable Energy Inc. released second quarter financial results on Aug. 10, reporting new quarterly records for wood pellet production and sales. The company also provided an update of ongoing capacity expansion projects. READ MORE SHARE
CoBank: Incentives spur dairy digester development in California A report issued by CoBank’s Knowledge Exchange on Aug. 5 explains how California’s Low Carbon Fuel Standard and Cap-and-Trade programs have helped successfully spur the development of dairy digester projects within the state. READ MORE SHARE
	US wood pellet exports top 684,000 tons in June The U.S. exported 684,028.1 metric tons of wood pellets in June, up from 572,499.8 metric tons in May, but down from 693,868.5 metric tons exported in June 2019, according to data released by the USDA Foreign Agriculture Service on Aug. 5. READ MORE SHARE
Gevo looks to acquire two additional plant sites Gevo CEO Patrick Gruber indicated on Aug. 10 that duress caused by the COVID-19 pandemic may offer an opportunity for the company to acquire additional ethanol plant sites needed to meet expected demand for its renewable hydrocarbon products. READ MORE SHARE
EIA updates bioenergy forecasts The Energy Information Administration currently expects electricity generation from renewable energy sources to increase from 17 percent in 2019 to 20 percent in 2020 and 22 percent in 2021, according to the agency’s latest Short-Term Energy Outlook. READ MORE SHARE
Enviva releases Q2 results, discusses expansion plans Enviva Partners LP released second quarter financial results on Aug. 5, reporting that the operation of its wood pellet plants and terminals has not been interrupted by the COVID-19 pandemic. The company also outlined its expansion plans. READ MORE SHARE
REG: Biodiesel, renewable diesel demand remains strong REG released second quarter financial results on Aug. 4, reporting that demand for biodiesel and renewable diesel has remained stable despite the COVID-19 pandemic. Production of both products was up when compared to the same period of last year. READ MORE SHARE
CVR Energy to issue decision on renewable diesel project soon CVR Energy announced on Aug. 4 that the company’s board has authorized engineering studies and the preparation of final cost estimates for a project that would convert some of the company’s refining capacity to renewable diesel production. READ MORE SHARE
BP net zero strategy features increased bioenergy production BP on Aug. 4 announced a new strategy to transform from an international oil company focused on producing resources to an integrated energy company. As part of that goal, BP aims to become a net zero company by 2050. READ MORE SHARE
Iowa senators oppose confirmation of Menezes to DOE post The U.S. Senate voted 79 to 16 on Aug. 4 to confirm Mark Menezes as deputy secretary of energy. Sens. Chuck Grassley, R-Iowa, and Joni Ernst, R-Iowa, voted against his confirmation, citing concerns related to small refinery exemptions (SREs). READ MORE SHARE