Pellet Mill Press - April 20, 2021

Drax completes acquisition of Pinnacle Drax Group plc announced on April 13 that it has completed the previously announced acquisition of Pinnacle Renewable Energy Inc. The transaction increases Drax’s annual wood pellet production capacity to 4.9 million metric tons from 2022. READ MORE SHARE
USDA: US wood pellet exports at 556,802 metric tons in February The U.S. exported 556,801.7 metric tons of wood pellets in February, up from 546,435.2 metric tons during the same month of last year, but down from 599,624.2 metric tons in January, according to data released by the USDA on April 7. READ MORE SHARE
	2021 International Fuel Ethanol Workshop & Expo agenda released Ethanol Producer Magazine has announced the preliminary agenda for the 2021 International Fuel Ethanol Workshop & Expo (FEW) taking place July 13-15, 2021 at the Iowa Events Center in Des Moines, Iowa. READ MORE SHARE
Bioenergy companies urge Biden to set GHG reduction goal Drax Group plc, Enviva and Vanguard Renewables are among 310 businesses and investors that have signed an open letter to President Biden urging his administration to reduce GHG emissions by at least 50 percent below 2005 levels by 2030. READ MORE SHARE
Wood pellets offer pragmatic solution to need for on-demand power A new FutureMetrics white paper explains why repurposing existing pulverized coal power plants to run on industrial wood pellets is a rational and pragmatic solution to generate on-demand electricity as we decarbonize the power sector. READ MORE SHARE
EIA: Densified biomass fuel sales reach 930,000 tons in December The U.S. Energy Information Administration recently released data showing U.S. manufacturers produced approximately 760,000 tons of densified biomass fuel in December, with sales reaching 930,000 tons. READ MORE SHARE
Drax: BECCS offers less expensive way to meet UK climate goals Drax Group plc released the results of a new study on April 12 that shows its planned BECSS projects will save the U.K. more than £4.5 billion ($6.18 billion) over the next decade as the country works to meet its climate goals. READ MORE SHARE
DOE offers $61.4 million for biofuel, bioenergy projects The DOE on April 8 announced it will award $61.4 million to support the development and demonstration of bioenergy projects, including those focused on marine and aviation fuels, cellulosic sugars, separations technologies, wood heating, and RNG. READ MORE SHARE
Rail Energy Transportation Advisory Committee to meet April 22 The Surface Transportation Board has announced a meeting of the Rail Energy Transportation Advisory Committee will be held on April 22 virtually via zoom. The meeting is open to the public, but advanced registration is required. READ MORE SHARE
EIA updates 2021, 2022 bioenergy forecasts The U.S. Energy Information Administration released its latest Short-Term Energy Outlook on April 6, predicting that 21 percent of U.S. electricity generation will come from renewable sources this year, increasing to 22 percent next year. READ MORE SHARE