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Viridis sees solid Q2 with ramped production, expanding markets

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By Anna Simet

August 20, 2014

Pellets 

Despite external obstacles that impacted Q1, Viridis Energy reported a progressive Q2 during financial earnings call.

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Does the flurry of news in the pellet sector in the last two weeks foretell a particularly snowy winter?

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The Andritz Group has released financial results for the first half of the year, reporting solid project activity in the biomass pelleting sector. Overall, Andritz reported order intake of EUR 2.98 billion ($3.98 billion) for the period.

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Without the right equipment, the profit margins made producing biomass energy products will erode and eventually disappear.

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Platts has expanded its electric power offerings to include a weekly spot price assessment for Europe-delivered industrial wood pellets and a suite of U.K. wood pellet profitability spreads at different fuel efficiencies.

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More than 100 organizations recently partnered to issue a letter to John Podesta, counselor to President Obama, urging his support in the release of the U.S. EPA's biogenic accounting framework.

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In New York and Massachusetts, residential wood heating incentives are on a roll, and the industry is beginning to see trends, according to John Ackerly, president of the Alliance for Green Heat.

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Electricity generated from pellets in converted coal plants is almost the same cost as electricity generated from natural gas, by far the cheapest way to make new, low-carbon power.

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Progress continues on development of solid biofuel standards

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By American Society of Agricultural and Biological Engineers

August 12, 2014

Meeting recently in Stockholm, ISO Technical Committee 238, Solid Biofuels, made measurable progress toward developing the content for a series of physical property test standards and related topics.

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First international standards in solid biofuels published

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By American Society of Agricultural and Biological Engineers

August 12, 2014

The American Society of Agricultural and Biological Engineers announces that the first seven international standards in the expanding industry of solid biofuels have been published. In addition, work has also begun on part eight of the series.

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Focused on innovation, reliability and efficiency, pellet press manufacturers are keeping pace with demands of rapidly expanding pellet markets.

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The IRS has issued guidance that clarifies and modifies prior guidance regarding the "beginning of construction" requirement for qualifying for the Section 45 production tax credit (PTC) and the Section 48 investment tax credit (ITC)

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Outdoor wood appliance manufacturers are feeling the heat of new regulations, but many were already focused on providing cleaner and more efficient systems.

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Rentech CEO Hunt Ramsbottom outlined the company's continued efforts to expand its fiber business in a quarterly earnings call.

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Bioenergy week planned in Ontario

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By Canadian Bioenergy Association

August 07, 2014

Canadian Bioenergy Association, the Forest Products Association of Canada, Lakehead University, Confederation College and the Biomass Innovation Centre of Nipissing University are partnering to offer a full-slate of events from Sept. 8-13 in Ontario.

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A recent Texas A&M AgriLife Research study outlines how mesquite measures up relative to other bioenergy feedstocks with regard to economic and greenhouse gas efficiency.

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The USDA recently published a report that provides uniform scientific methods for quantifying the changes in greenhouse gas (GHG) emissions and carbon storage from various land management and conservation activities.

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On Aug. 7, Drax Group plc released a statement indicating that its second unit conversion is no longer eligible for an investment contract. Rather, the company is expected to proceed with the conversion with support under the Renewables Obligation.

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The USDA has issued a final rule eliminating the restrictions on including mature market wood products and other materials in the BioPreferred program. The action implements changes included in the 2014 Farm Bill.

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Resolute Forest Products Inc. provided a brief update on the status of its pellet plant under development in Thunder Bay, Ontario, during its second quarter investor conference call. The facility is expected to be operational in the fourth quarter.

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A recently released report about the greenhouse gas implications of making power from pellets puts arrows into our industry's quiver, but also the quivers of our detractors.

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A proposed pellet plant under development near Mission, British Columbia, aims to produce wood pellets for export into industrial markets in South Korea and other Asian markets. The project is being developed by SMG Wood Pellet Inc.

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PHI Group Inc. recently announced that it has signed a memoranda of understanding with two Vietnam-based wood processing companies to set up joint venture wood pellet factories in Central and Southern Vietnam.

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Genera Energy Inc. has announced the deployment of two new proprietary feedstock management systems, Energy Grange and Supply AssureBoth systems were developed through years of R&D and in-the-field testing.

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The Drax Group plc has announced financial results for the first half of the year, reporting that biomass now accounts for more than 20 percent of the its output. Both the first converted unit and the enhanced cofiring unit are performing well.

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Zilkha Biomass Energy has announced it is building a facility in Monticello, Arkansas, to manufacture their Zilkha Black Pellet. The company plans to invest $90 million in the facility and create 52 new jobs.

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Waters' New Biotech, a pellet manufacturer headquartered in Wisconsin, has received approval of a letter of intent from commissioners for the Mississippi State Port Authority for a possible lease of land at the Port of Gulfport in Mississippi.

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The pellet market outlook dominated presentations at the Pellet Fuels Institute annual conference held July 28-29 in Orlando, Florida. During the event, several speakers highlighted the expected growth markets around the globe.

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