Northern Russian ULK group halting pellet production

Germany’s Federal Office for Economic Affairs and Export Control (Bafa) in Bonn received only 246 (Jan. 2022: 5,639) applications for subsidies for installing biomass-fired heating systems in January 2023. Market players are attributing the sharp decline to the anticipatory effects observed in 2022. Owing to higher...

The energy corporation Drax Group plc. of London, UK, is investing a total of around US$250m in building a 450,000-t pellet plant in Longview, Washington. According to information from the group, the decision to go ahead with the investment, which had already been taken at the end of 2022, is mainly due to the supply...

The US pellet producer Enviva Inc. of Bethesda, Maryland, also closed the fourth quarter of 2022 with an operating loss, to the tune of -US$46.3m (Oct.-Dec. 2021: -US$55.4m), in spite of a reduction of 13.8% in total operating costs to US$285.6m (US$331.7m). Interest expenditure, which was three times as high as the...