Biomass Week - May 4, 2022

Drax discusses plans for new pellet projects, BECCS development Drax Group plc brought 400,000 metric tons of new biomass pellet production capacity online during the first quarter of 2022. The company plans to make a final investment decision on up to 1 million tons of additional capacity this year. READ MORE SHARE
Neste reports strong Q1 for renewable products segment Neste Corp. released first quarter 2022 financial results on April 29, reporting a strong performance for its renewable products segment. Renewable diesel demand was robust during the three-month period, but feedstock markets remained tight. READ MORE SHARE
	EPA delivers final RFS RVO rule to White House OMB The U.S. EPA on April 29 delivered its final rule to set 2021 and 2022 RFS RVOs to the White House Office of Management and Budget. The rule may also revise the existing 2020 RVO. OMB review marks a final step before the rulemaking is promulgated. READ MORE SHARE
Interest in RNG motor fuel continues to grow Natural Gas Vehicles for America (NGVAmerica) and Coalition for Renewable Natural Gas (RNG Coalition) on May 3 announced that 64 percent of all on-road fuel used in natural gas vehicles in calendar year 2021 was renewable natural gas (RNG). READ MORE SHARE
CPM technology increases capacity at wood pellet plants CPM is launching a revolutionary new technology to improve the efficiency of wood pellet mills. The company's patented Twin Track technology reduces energy demand, ensures consistent pellet quality and boosts mill capacity. READ MORE SHARE
Marathon provides update on Martinez conversion project Marathon Petroleum Corp. released first quarter financial results on May 3, providing an update on its agreement with Neste to form a joint venture for the renewable diesel project under development at its Martinez refinery in California. READ MORE SHARE
World Energy wins $2 million California Energy Commission grant World Energy on May 2 announced that the California Energy Commission awarded the company a $2 million grant for its Blending Terminal Project in Paramount, California. The facility will blend biodiesel with renewable diesel. READ MORE SHARE
MW announces plans to expand its RNG infrastructure WM has announced plans to invest $825 million in its renewable energy footprint from 2022-2025 by expanding its renewable natural gas (RNG) infrastructure. New RNG plants in Oklahoma and Arkansas are expected to come online this year. READ MORE SHARE
Bunge, CoverCress partner to meet demand for biofuel feedstocks Bunge and CoverCress Inc. announced on April 26 a unique commercial partnership to bring a new renewable oilseed and animal feed crop to market. The agreement supports the expansion of CCI’s CoverCress technology, a new winter oilseed crop. READ MORE SHARE
Greencoat acquires 41.8 MW biomass power plant from Glennmont Greencoat Capital on April 28 announced that funds managed by the company have acquired the Margum Green Energy Plant, a 41.8 megawatt (MW) waste wood-fired biomass plant located in the U.K., from Glennmont Partners. READ MORE SHARE
Greenlane signs $11 million contract for new system sales Greenlane Renewables Inc. has announced a $11.4 million (US$8.9 million) contract with a single customer for the supply of its pressure swing adsorption (PSA) biogas upgrading systems for new food waste-to-RNG projects in three states. READ MORE SHARE
Duke Energy invests in 2 new RNG projects in North Carolina Duke Energy hasannounced its investment in two projects to convert landfill gas from two North Carolina landfills into renewable natural gas (RNG). The projects are named Foothills Renewables and Upper Piedmont Renewables. READ MORE SHARE