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Green Investment Bank to fund small-scale biomass boilers

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By GREEN INVESTMENT BANK

May 22, 2013

Pellets Thermal 

Equitix-managed fund, Energy Saving Investments, in which the UK Green Investment Bank is a cornerstone investor, is investing $7.4 million to replace inefficient heating systems in public and private community facilities with biomass boilers.

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Along with North Carolina Gov. Patrick McCrory and several other local and state officials, on May 21, wood pellet manufacturer Enviva LP celebrated the official opening of its recently completed production facility.

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The USDA has announced $14 million in payments to 162 advanced biofuel producers in 38 states under the Bioenergy Program for Advanced Biofuels. The program awards payments to eligible producers based on the amount of advanced biofuel produced.

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FCC Environment harvested its first crop of miscanthus grass grown on its former landfill and quarry sites in Darrington, West Yorkshire and Calverton in the U.K. The grass is grown on a 30 hectare (74.1 acre) site two hours north of London.

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Vancouver, British Columbia-based Viridis Energy Inc. has announced it closed the second, and final, tranche of its $5 million non-brokered private placement and is preparing to begin operations at its Scotia Atlantic Biomass Co. Ltd. plant.

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The House Committee on Agriculture has approved its version of the Farm Bill, H.R. 1947, by a vote of 36 to 10. The bill, titled the Federal Agricultural and Reform and Risk Management Act, includes nearly $40 billion in spending cuts.

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The Senate has unanimously confirmed Ernest Moniz as the Secretary of Energy by a vote of 96 to 0. Moniz was nominated by President Obama in March. He will replace former Secretary of Energy Steven Chu, who announced his resignation on Feb. 1.

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The USDA Rural Business-Cooperative Service has extended the deadline to apply for fiscal year 2013 Rural Energy for America Program funding through May 31. The extension was made due to increased funding made available through recent legislation.

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The U.S. Senate Committee on Agriculture, Nutrition and Forestry has voted to approve a bipartisan Farm Bill authored by Committee Chairwoman Sen. Debbie Stabenow, D-Mich., and Ranking Member Sen. Pat Roberts, R-Kan.

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The Biotechnology Industry Organization and Agriculture Energy Coalition have issued statements thanking members of the Senate Agriculture Committee for authoring legislation to reauthorize Farm Bill Energy Title Programs.

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Just a couple of weeks ago, a bill that would help achieve the seemingly endless pursuit of leveling the playing field between the fossil fuel and renewable industries was introduced to the U.S. Senate.

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On May 3, the U.S. Energy Information Administration published a set of annual statistics that include state-level estimates of consumption, prices and expenditures for woody biomass and waste biomass. The latest release includes data from 2011.

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U.S. Sens. Al Franken, D-Minn., and Tom Harkin, D-Iowa, have introduced the energy legislation to be included in the 2013 Farm Bill, which includes several provisions expected to create jobs throughout the country.

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The European Space Association announced it will begin monitoring the amount of biomass and carbon stored in the world's forests via satellite. ESA intends to use the satellite project as an way to provide long-term monitoring of forest lands.

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The South Carolina Forestry Commission has released guidelines for the harvest of woody biomass used to generate energy that aim to protect water quality, plant and animal diversity, soil nutrition and quality, and productivity.

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The U.S. Endowment for Forestry & Communities Inc. has released a report that assesses how community-scale wood-fueled facilities could address forest health issue and losses from wildfires. The analysis was completed by Dovetail Partners.

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So far in this week's wood pellet industry news, the North Carolina State Ports Authority is trying to work out deals with a couple of pellet companies to build sizeable facilities at two of the state's ports.

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Canadian Prime Minister Stephen Harper has announced the government's ecoENERGY Innovation Initiative is providing funding to 55 innovative energy projects, including several that address biomass power and thermal, biobased chemicals and biofuels.

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FutureMetrics recently prepared a working report for the Heating the Midwest with Renewable Biomass steering committee. The report outlines a vision to achieve 10 percent biomass-derived renewable thermal energy in the Midwest by 2025.

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Here is me stating the obvious: one thing that the U.S. cannot decide in regard to woody biomass-derived energy is whether or not it is carbon neutral.

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A biomass mini-press and an algae production project were featured at the 2013 White House Science Fair in Washington, D.C. The science fair featured 100 students from more than 40 states.

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Legislation recently introduced in the U.S. Senate aims to level the energy playing field between fossil and renewable energy projects by allowing investors in renewable energy projects access the corporate structure of master limited partnerships.

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More than 100 organizations have delivered a letter to the leaders of the House and Senate Agriculture Committees urging them to adopt a new Farm Bill with robust mandatory funding for renewable energy and energy efficiency programs.

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Graham Construction has been appointed to undertake the design and construction of a major new facility for importing, storing, and onward transfer of renewable fuels (wood pellets) at Associated British Ports' Port of Immingham.

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Drax releases biomass financing update

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By Drax Group plc

April 25, 2013

Drax Group plc recently announced that it has agreed to a GBP 75 million ($114.83 million) amortizing loan facility maturing in June 2018 with Friends Life, underpinned by a guarantee from HM Treasury.

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Just as it is readying to opening a 500,000-metric ton wood pellet production facility in Woodville, Texas, German Pellets announced that it plans to build an additional 1 million-metric ton plant in Louisiana.

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