Pellet Mill Press - August 18, 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
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
	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
EIA: Densified biomass fuel sales reach 670,000 tons in April The U.S. Energy Information Administration recently released data showing U.S. manufacturers produced approximately 710,000 tons of densified biomass fuel in April, with sales reaching 670,000 tons. READ MORE SHARE
UK bioenergy electricity production increased 6.8% in 2019 The U.K. Department for Business, Energy and Industrial Strategy has released updated energy statistics that show renewable resources accounted for 12.3 percent of the nation’s total energy consumption in 2019, up from 11.2 percent in 2018. READ MORE SHARE
GB Railfreight, Drax extend rail contract to transport biomass GB Railfreight and Drax have agreed to extend their contract to transport supplies of sustainable biomass from U.K. ports to Drax Power Station in North Yorkshire until 2025. Drax said the deal is critical to its global biomass supply chain. READ MORE SHARE
Drax: Ground-breaking carbon recycling project launches REACT-FIRST is the U.K.’s first-ever scalable route to the sustainable generation of protein capturing the CO2 from bioenergy generation. It launches with financial support from the government in the form of £3 million funding from Innovate U.K. READ MORE SHARE
Enviva completes acquisition of Georgia Biomass Enviva Partners LP on Aug. 3 announced the completion of its previously announced acquisition of a world-class, industrial scale wood pellet production plant in Waycross, Georgia, and associated contracted terminal capacity in Savannah, Georgia. 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
PNNL waives fee to test-drive portfolio of intellectual property As businesses of all sizes weather today’s tough economy, Pacific Northwest National Laboratory is offering its entire portfolio of patented technologies on a research trial basis—at no cost—to spur economic development and create new jobs. READ MORE SHARE