Pellet Mill Press - May 4, 2021

Enviva announces plans for new pellet plant in Bond, Mississippi Enviva on April 28 announced plans to develop of a new wood pellet plant in Bond, Mississippi, that could have the capacity to produce more than 1 million metric tons per year. The company is also expanding capacity at existing plants. READ MORE SHARE
King, Collins introduced updated BTU Act Sens. Angus King, I-Maine, and Susan Collins, R-Maine, have reintroduced an updated BTU Act, which aims to provide tax credits for commercial and industrial wood heating appliances. It would also extend and increase the existing residential ITC. READ MORE SHARE
	UK seeks comments on role of biomass in achieving net-zero goal The U.K. Department for Business, Energy and Industrial Strategy on April 20 opened a public consultation seeking evidence on how sustainable biomass should be sourced and used to support the country’s net-zero target. READ MORE SHARE
Lignetics buys Great Lakes Renewable Energy Generational Capital Markets has announced the sale of its client, Hayward, Wisconsin-based Great Lakes Renewable Energy Inc., to Lignetics Inc., a residential wood pellet producer headquartered in Colorado. The acquisition closed on March 31. READ MORE SHARE
Biden sets goal to cut US GHG emissions in half by 2030 President Biden marked Earth Day on April 22 by announcing a new target for the U.S. to achieve a 50-52 percent reduction in economy-wide net greenhouse gas (GHG) pollution by 2030 when compared to a 2005 baseline. READ MORE SHARE
Drax reports progress with its biomass strategy Drax released a first quarter trading update on April 21, discussing the company’s progress with its biomass strategy, including the acquisition of Pinnacle Renewable Energy, the end of commercial coal generation, and sale of gas generation assets. READ MORE SHARE
ENplus to certify 14 million metric tons of pellets in 2021 ENplus has reported another year of stable growth. In 2020, the total production of certified pellets is confirmed to be 12.3 million metric tons, while the amount for the current year is foreseen to surpass 14 million metric tons. READ MORE SHARE
Sustainable bioenergy included in EU’S Green Finance Taxonomy The U.S. Industrial Pellet Association has welcomed the EU Taxonomy which classifies sustainable bioenergy as an environmentally sustainable activity, underscoring its indispensable role in the EU’s low-carbon energy transition. READ MORE SHARE
Enviva joins the Sea Cargo Charter for responsible shipping Enviva has joined the Sea Cargo Charter, a cross-industry partnership of over 20 ship charterers that aims to establish a consistent global framework for transparently assessing and disclosing the climate impact of ship chartering operations. READ MORE SHARE
Former political leaders urge 50-state strategy on green energy A group of 50 former House and Senate leaders representing 42 states on April 20 sent a letter to Gina McCarthy, President Biden’s national climate advisor, in support of the administration’s dedication to building back better for a green future. READ MORE SHARE