Growth in pellet production failing to keep up with demand

Sharply increased pellet exports to customers in the EU are reflected in the latest US foreign-trade figures. In total, the US pellet industry exported approximately 2.232m t (April-June 2021: 1.753m t) of pellet in the second quarter of 2022, 27% more than a year earlier. According to figures from the US Department of...

In the second quarter of 2022, the results figures of US pellet producer Enviva Inc. (Enviva), Bethesda, Maryland, were negatively impacted by higher production costs, write-downs and amortisation payments as well as expenses connected with the construction of new plants. On the other hand, corona-related special...

British energy company Drax Group plc, London, intends to take over the 90,000 t Eagle Valley-based pellet plant from Princeton Standard Pellet Corp (PSPC), Princeton. Drax announced conclusion of a corresponding agreement on 3 August 2022. No information concerning the purchase price has been disclosed. Closing is...