Pellet Mill Press - March 2, 2021

Drax increases wood pellet production, reduces costs Drax Group plc increased wood pellet production by 7 percent last year while improving quality and reducing costs by 5 percent, according information published in the company’s 2020 financial report, which was released Feb. 25. READ MORE SHARE
Enviva discusses expansion projects, net-zero goal Enviva Partners LP released fourth quarter financial results on Feb. 24, reporting progress with efforts to increase its wood pellet production capacity and discussing plans to achieve net-zero greenhouse gas (GHG) emissions by 2030. READ MORE SHARE
	Pinnacle: Pellet production up 11% in Q4 Pinnacle Renewable Energy Inc. on Feb. 24 released fourth quarter financial results, reporting that pellet production was up when compared to the same period of 2019 despite operational issues experienced at several of its facilities. READ MORE SHARE
Enviva targets net-zero operations by 2030 Enviva on Feb. 17 announced its goal of achieving net-zero greenhouse gas (GHG) emissions from its operations by 2030. This commitment to climate action reinforces Enviva’s core purpose to displace coal, grow more trees, and fight climate change. READ MORE SHARE
USask researchers build a better biomass pellet A recent discovery by researchers at the University of Saskatchewan (USask) could help hasten use of cheap and plentiful agricultural waste as the go-to material for producing biobased fuel pellets used for power generation and home heating. READ MORE SHARE
Senate confirms Vilsack as ag secretary Tom Vilsack is once again leading the USDA. The Senate on Feb. 23 voted 92 to seven to confirm him as secretary of agriculture. Vilsack, a former two-term governor of Iowa, served as ag secretary during all eight years of the Obama administration. READ MORE SHARE
Waste Knot Energy strikes pellet supply deal with Komercon Waste Knot Energy has negotiated a strategic partnership agreement with international supply management company Komercon. Under the agreement, Waste Knot will supply 3.6 million metric tons of pellets to Komercon over the next five years. READ MORE SHARE
Carbon Capture Coalition releases policy blueprint The Carbon Capture Coalition on Feb. 24 released a national policy blueprint that includes near-term recommendations the group says policymakers should adopt in order to accelerate the deployment and commercialization of carbon capture projects. READ MORE SHARE
McKinley, Veasey reintroduce ACCESS 45Q Act Reps. David McKinley, R-W.V., and Marc Veasey, D-Texas, on Feb. 16 reintroduced the ACCESS 45Q Act. The bill extends the date for projects to begin construction to claim the 45Q tax credit by 10 years and provides a direct pay elective. READ MORE SHARE