Pellet Mill Press - June 15, 2021

Drax, Mitsubishi partner on BECCS project Drax Group plc and Mitsubishi Heavy Industries Engineering Ltd., part of Mitsubishi Heavy Industries Group, on June 10 announced a long-term contract allowing Drax to use Mitsubishi’s Advanced KM CDR process for carbon capture. READ MORE SHARE
USDA: US wood pellet exports top 635,000 metric tons in April The U.S. exported 635,463.4 metric tons of wood pellets in April, down from 667,309 metric tons in March, but up from 595,166.2 metric tons in April 2020, according to data released by the USDA Foreign Agricultural Service on June 8. READ MORE SHARE
	Bechtel, Drax partner to explore opportunities for BECCS Bechtel Corp., a U.S.-based EPC and project management company, on June 4 announced a partnership with U.K.-based Drax Group plc to identify opportunities to construct new bioenergy with carbon capture and storage (BECCS) power plants. READ MORE SHARE
Enviva announces drop-drown transactions Enviva Partners LP announced on June 3 drop-down transactions to acquire the Lucedale, Mississippi, pellet plant, the deep-water marine terminal in Pascagoula, Mississippi, and three off-take contracts from its sponsor, Enviva Holdings LP. READ MORE SHARE
Biden’s 2022 budget includes funds for SAF, biofuels, bioenergy President Biden on May 28 released his proposed budget for fiscal year (FY) 2022. The budget includes proposed support for biofuels; biorefinery, renewable chemical and biobased product manufacturing; renewable energy; and sustainable aviation fuel. READ MORE SHARE
EIA: Densified biomass fuel sales reach 700,000 tons in February The U.S. Energy Information Administration recently released data showing U.S. manufacturers produced approximately 620,000 tons of densified biomass fuel in February, with sales reaching 700,000 tons. READ MORE SHARE
AEG announces progress with Ashland production, Canadian patent U.K.-based Active Energy Group plc in early June announced it has received a notice of allowance for the Canadian patent for its CoalSwitch process. The company also indicated that production of CoalSwitch is now underway at its facility in Maine. READ MORE SHARE
Biomass Secure Power signs MOU with Daichu Biomass Secure Power Inc. has signed an MOU with Daichu a Japanese trading company and Pegasus Commodities Ltd. The MOU will help Biomass Power Louisiana LLC secure off-take agreements for its biocoal. READ MORE SHARE
EIA updates 2021, 2022 bioenergy forecasts Renewables are expected to account for 21 percent of U.S. electricity production this year, increasing to 23 percent in 2022, according to the U.S. Energy Information Administration’s latest Short-Term Energy Outlook, released June 8. READ MORE SHARE