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Covanta reports on Q2 earnings, acquisitions, project activity

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By Anna Simet

July 28, 2015

Power 

Covanta Energy reported strong operational performance in its core business, achieved record quarterly special waste revenue, and provided several updates on acquisition and commissioning activities during its Q2 2015 earnings call.

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On July 28, Drax Group plc released its half-year results for the six months ended June 30, delivering Europe's largest decarbonization project, on time and on budget, while also producing 8 percent of the U.K.'s electricity.

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AWWRA, a nonprofit association established in 2012, promotes sustainable, environmentally and economically sound, closed-loop wood waste recycling practices and reuse initiatives through its industry membership and resource tools.

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Enel Green Power has brought online the world's first biomass plant used to heat geothermal steam at the Cornia 2 geothermal power plant, which is located in Castelnuovo Val di Cecina in Tuscany, Italy.

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Greenleaf Power recently announced that it has finalized the purchase of the Plainfield Renewable Energy Plant located in Plainfield, Connecticut, from Leidos Inc., which has owned and operated the 37.5 MW plant since it became operational in 2013.

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On July 23, Republic Services Inc. released financial results for the second quarter of 2015, reporting a net income of $190.3 million, or 54 cents per share, compared to $179 million, or 50 cents per share, for the comparable period in 2014.

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Watching Wood Dry

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By Keith Loria

July 26, 2015

Adequately drying wood chip fuel is an important component of maximizing heat and power production, and techniques vary widely.

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As you may already know if you work at a biomass power, pellet or biogas plant, we've changed the way we do our plant calls and data maintenance for our print and online maps.

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New Holland Agriculture is supplying equipment to the State University of New York that will aid in U.S. Department of Energy-funded research focused on finding ways to reduce the cost of delivering biomass for refinement.

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The Federal Energy Regulatory Commission's Office of Energy Projects has released the June edition of its Energy Infrastructure Update, reporting the U.S. added 128 MW of installed biomass capacity during the first half of this year.

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An update of the proposed wood-to-energy (WTE) checkoff program was provided at the 2015 Pellet Fuels Institute conference in Williamsburg, Virginia. The concept is under review by industry, and a draft is expected late this year or early 2016.

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Saxlund International GmbH has received an order from Babcock & Wilcox Volund A/S, Denmark, for the delivery of a state-of-the-art biomass handling system to a green energy project in Margam - Port Talbot, in South Wales, U.K.

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Waste Management Inc. has released second quarter financial results, reporting quarterly revenue of $3.32 billion, down from $3.56 billion during the same period of the prior year. Net income for the quarter was $274 million.

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The U.K. Department of Energy and Climate Change has announced several measures that aim to deal with a projected over-allocation of renewable energy subsidies, including changes to grandfathering provisions for biomass cofiring and conversions.

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The Senate Finance Committee has passed a tax extenders package that includes two-year extensions of tax credits for cellulosic biofuels and biodiesel. The next step for the legislation is consideration by the full U.S. Senate.

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U.K. Green Investment Bank plc and Equitix have announced a commitment to fund the construction of a GBP 30 million ($46.68 million) energy facility in Sheffield. It will generate over 6.5 MW of green electricity, along with thermal energy.

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The Pellet Fuel Institute annual conference is being held July 19-21 in Williamsburg, Virginia, hosting 185 attendees, 31 exhibitors and 11 sponsors. This year's conference began with an overview and analysis of the global pellet market.

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In early June, I blogged about the fact that Canada's Pinnacle Pellet successfully fully loaded a Panamax-class vessel with wood pellets, and a couple of days ago, I got an update from John Singleton at Handy Shipping Guide.

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The U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy is soliciting nominations for candidates to fill vacancies on the Biomass Research and Development Technical Advisory Committee. Nominations are due Aug. 14.

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The July/August issue of Pellet Mill Magazine covers both plant efficiency and policy matters, as inventory is built up in preparation of the 2015-'16 heating season and upcoming policy issues arise with potential to shape the future of pellet fuel.

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Macquarie Capital and Macquarie's Commodities and Financial Markets group have recently signed an agreement to support MGT Power Limited in the financing of the 299 MWe Teesside Renewable Energy Plant.

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The California Department of Food and Agriculture has awarded $11.1 million to support five anaerobic digestion (AD) projects at dairy operations around the state. The projects will reduce greenhouse gas (GHG) emissions from dairy manure.

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The world's largest ever single shipment of biomass has been discharged on the quayside at Associated British Ports' Humber International Terminal at the Port of Immingham ready for onward transit to Drax power station.

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New Jersey's Hanover Township wastewater treatment plant expects to finish a project to more efficiently use biogas produced at the plant by fall of this year. Biogas conditioning equipment and a 100-kilowatt (kW) generator have been installed.

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Several regulatory schemes in the U.S. should perk up pellet producers' ears. Hear from industry leaders why.

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Researchers from Israel and Florida awarded funding for biogas

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By American Associates, Ben-Gurion University of the Negev

July 14, 2015

Ben-Gurion University of the Negev in Israel and University of Florida researchers have been awarded a United States-Israel Bi-national Agricultural Research and Development Fund (BARD) grant to improve the production of biogas on farms.

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Ceres Inc. has released financial results for its fiscal third quarter, reporting the company is continuing to realign its focus towards food and forage opportunities and biotechnology traits, rather than bioenergy markets.

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A three-year partnership between Lloyds Register Rail, U.K. manufacturer WH Davis and Drax has reached a significant milestone as Drax takes delivery of its 200th specially designed biomass rail freight wagon.

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At the end of June, the U.K.'s Department of Energy and Climate Change published first quarter energy statistics in its Energy Trends and Energy Prices publications. The report shows the U.K. has made progress in achieving its renewable energy goals.

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The National Trust, an independent charity in England, Wales and Northern Ireland, recently announced its largest-ever investment: £30 million ($46.5 million) in renewable energy to provide heat and power to more of its historic places.

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