May 25, 2023
Drax selects Houston, Texas for its BECCS headquarters
Biomass News
May 23, 2023
Drax Group is set to construct two new bioenergy plants with carbon capture and storage (BECCS) in the US, following months of consideration over where its investment should be placed.
The company will invest around £7bn (€8bn) in BECCS projects between 2024 and 2030. Of this figure, £3bn (€3.4bn) is being earmarked for Drax's existing biomass plant in Yorkshire,... [Read More]
Biomass News
May 19, 2023
Searches for sustainable bioenergy and climate change solutions may be one and the same, according to a West Virginia University researcher.
Edward Brzostek, associate professor of biology, and his students at the WVU Eberly College of Arts and Sciences are creating mathematical models to predict how bioenergy crops will enhance and store soil carbon through a renewed... [Read More]
Biomass News
May 19, 2023
Thachang Green Energy (TGE), a SET-listed biomass power plant developer and operator, has been awarded contracts to develop three municipal solid waste-fired power plants, as the firm aims to reach a revenue target of more than 3 billion baht (€80.7 million) in 2026.
Last year TGE's revenue was 955 million baht (€25.7 million).
The company signed power purchase agreements... [Read More]
Biomass News
May 16, 2023
The Macquarie Group-backed company behind a long-delayed power plant in northern England is considering raising as much as £150 million (€172 million) from investors so it can start operating in July, according to Bloomberg.
MGT Teesside Ltd., which owns and operates Tees Renewable Energy Plant, will raise the money to bolster liquidity and cover costs including debt... [Read More]
Biomass News
May 12, 2023
The BDO Zone Initiative has issued an ‘AA’ rated BDO Zone designation for Natchez, Mississippi in the US for 4.1 million bone-dry tons per year of woody biomass.
Natchez Inc and Ecostrat have announced the issuance of a new Bioeconomy Development Opportunity (BDO) Zone designation for woody biomass.
The Natchez BDO Zone is rated ‘AA’, or very low risk, based... [Read More]
Biomass News
May 11, 2023
Researchers from the German Biomass Research Centre (DBFZ) and the Helmholtz Centre for Environmental Research (UFZ) looked at the role of biomass in Germany's national energy transition, and the priority target market for bioenergy sources. Their findings were presented in the completed project entitled "SoBio—Scenarios of optimal biomass use for energy by 2030 and... [Read More]
Biomass News
May 9, 2023
Singapore-listed Asiatic Group (Holdings) Ltd is disposing of its 30% stake in Maju Intan biomass power plant in Perak, marking its exit from the troubled biomass project after over ten years, reported The Edge Markets.
Asiatic's stake in the project company Maju Intan Biomass Energy is being disposed to Etagreen Management for RM10, plus financial support of approximately... [Read More]
Biomass News
May 9, 2023
Valmet has announced it will convert Helen Ltd's coal-fired district heat boiler to bubbling fluidised bed (BFB) combustion to enable wood pellet firing at the Salmisaari ‘A’ power plant in Helsinki, Finland.
The conversion promotes the company’s goal of phasing out coal and at the same time strengthens the construction of a sustainable energy system.
The order... [Read More]
Biomass News
May 5, 2023
CHAR Technologies (CHAR) has signed a memorandum of understanding (MOU) with the First Nations co-operative Lake Nipigon Forest Management (LNFMI) to collaboratively develop, build, own and operate a wood waste and residues to renewable natural gas (RNG) and biocarbon facility in the Lake Nipigon Region of Northern Ontario, Canada.
LNFMI is a forest management co-operative... [Read More]
Biomass News
May 4, 2023
Enviva has released its financial results for Q1 2023, reporting a net loss of $116.9 million (€105.7m), as compared to a net loss of $45.3m (€40.9m) for the same period in 2022.
The company further reported adjusted EBITDA for Q1 2023 of $3.4m (€3m), as compared to $36.6m (€33.1m) for the corresponding quarter last year.
The company put its performance down... [Read More]
Biomass News
May 4, 2023
Drax Power Station, the UK’s biggest generator of renewable electricity, is projecting a symbol onto one of its huge cooling towers this weekend to celebrate the coronation of King Charles III.
Electricity has been generated by Drax since 1974 after it was built by the Central Electricity Generating Board, in an area of Yorkshire known as Megawatt Valley due to a fleet... [Read More]
Biomass News
May 2, 2023
Enexor Bioenergy (Enexor), based in Tennessee, US, has been awarded a demonstration grant from the US Department of Defense's (D0D) environmental security technology certification programme (ESTCP).
The funding will be utilised to demonstrate Enexor's Bio-CHP system at a US Navy installation, to convert organic and plastic waste into renewable energy.
The primary goal... [Read More]
Biomass News
Apr 28, 2023
The world-leading certification scheme to guarantee high-quality wood pellets, ENplus®, has reported 13.3 million tonnes of certified pellets in 2022, while the certified production this year is projected to surpass 14 million tonnes*.
“In 2022, the pellet market was heavily affected by the energy crisis. The pellet prices increased all over Europe and some countries... [Read More]
Biomass News
Apr 28, 2023
The Lenzing Group, a provider of specialty fibres for the textile and nonwovens industries, has signed a contract for the acquisition of a 43 MW biomass power plant from ENERGIE 42 Beteiligungs, located in the Heiligenkreuz business park in Austria.
The execution of the transaction is subject to regulatory approvals, and is expected in the second quarter of 2023.
The... [Read More]
Biomass News
Apr 27, 2023
Ofgem has commissioned a probe into biomass firm Drax's adherence to sustainability rules, the Financial Times reported.
The UK energy regulator has tasked US consultants with examining Drax over its use of biomass, having launched an investigation into Drax in 2022, according to documents procured via a Freedom of Information application.
A Drax spokesperson told... [Read More]
Biomass News
Apr 26, 2023
Drax Group has announced a £150 million (€169.4m) share buyback programme and lowered its annual capital expenditure forecast, after it paused further investment in projects to capture and store carbon dioxide in the UK.
The British biomass giant said it plans to return the sum to shareholders in a programme that is due to commence in Q2 '23, and which will be completed... [Read More]
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In its Vietnam business in Vietnam, erex has invested in Hau Giang Bio Energy, a company established for the purpose of constructing and operating biomass power plants
Vesper Infrastructure has become the majority investor in EAG Bioenergy, a bioenergy platform with existing anaerobic digestion biogas plants in the UK
James Irvine, general manager of Future Fuels at Clarus hailed this as a historic milestone for the country’s gas pipeline infrastructure
