Thunderbolt Biomass to build South Carolina wood pellet plant

Thunderbolt Biomass Inc., a manufacturer of wood pellets from sawmill residuals, is launching new processing operations in Allendale County, South Carolina. The company is planning to invest $6 million in the project, creating 35 new jobs.

At the new facility, Thunderbolt Biomass will produce industrial renewable fuel from biomass sourced from the area adjacent to the plant. Additionally, the plant will produce a variety of raw materials, such as sawmill residuals, forestry residuals, thinnings and in-woods chip operations. The facility will also produce horse and animal beddings, domestic fuel and more.

Read the full story here: Biomass Magazine 

Construction starts on waste gasification plant in West Mids

Work has started to build an innovative waste gasification plant in the West Midlands, creating around 100 construction jobs and 25 new permanent jobs once operational.

The U.K.-based Energy Technologies Institute is investing £5m ($6.4 million) into the SynTech Energy Centre being built on the site of a former steel fabrication and waste recycling facility in Portway Road, Wednesbury, matching a £5m investment from Denver-based SynTech Bioenergy LLC.

Read the full story here: Biomass Magazine 

Tradition Green executes first Central Order Book (COB) Residential Wood Pellets trade on Euronext Exchange

Tradition Green is pleased to confirm the first COB trade of Wood Pellets on the Euronext exchange.  The trade, for 10 lots Dec 17 delivery, equivalent to 250 tonnes, was arranged by Tradition on Euronext. This is a significant milestone in the creation of a commoditized market for biomass.  

Developed in close co-operation with the biomass community, the Euronext Wood Pellets futures contract has been designed to meet the needs of market professionals looking for portfolio diversification and price hedging tools against fluctuations in the prices of pellets or closely-related products. These fluctuations are mainly caused by changes in economic supply and demand, availability of raw materials and winter weather seasonality patterns.

“Tradition is always keen to be at the forefront of development in new environmental markets. We have a proud history of being ahead of the curve in environmental products, and we’re committed to helping build a robust and dynamic biomass market with innovative energy products such as the Euronext wood pellet contract.” said Lucy Mortimer, Business Development for Tradition Green.

The contract has been developed to give both producers, traders and end users an opportunity to hedge their exposure to price fluctuations, and provide a clear pricing signal for this fast growing commodity. Until now, all transactions have been executed OTC for physical delivery, and producers or end users have been unable to hedge their exposure in the pellets market.

The Euronext Wood Pellet contract may also be used as a proxy hedge for wood chip producers and users. 

"We are very pleased to welcome the first trade executed in the Euronext Central Order Book on our residential wood pellets contract thanks to the support of Tradition, a key player in biomass brokerage and a Euronext Trading Member. This is an important step that confirms the interest in this hedging tool developed with the industry and market participants. We will now concentrate on assisting our members create a momentum and see our contract gain traction. " said Vincent Roiron, Project Manager Commodities Energy & Metals, Euronext.

 

Tradition Green is able to execute trades on Euronext* on behalf of our clients, and to offer clients access to prices posted on the exchange. Tradition can also arrange trades to be “given up” to the client’s Clearing Broker for clearing, providing maximum security behind a transaction.  

To talk to us about trading wood pellets on Euronext, and to get documentation in place, please contact biomass@traditiongreen.com or +44 207 1981 5837

Read ICCT's recent update on the International Civil Aviation Organisation's Carbon Offset and Reduction Scheme for International Aviation (CORSIA)

On October 6, 2016, the International Civil Aviation Organization (ICAO) finalized the details of a market-based measure (MBM) to o set most of the growth in aviation carbon dioxide (CO2) emissions beginning in 2020. The measure, known as the Carbon O setting and Reduction Scheme for International Aviation (CORSIA), was agreed upon at ICAO’s 39th Assembly in Montreal and marks the first time an MBM covers an entire international sector.

CORSIA will first be implemented as a voluntary system from 2021–2026 and will be mandatory from 2027–2035, when it will apply to all ICAO member countries, with the exception of some developing countries and small markets. CORSIA excludes domestic aviation activity and the emissions of other climate pollutants from aviation, notably black carbon, nitrogen oxides (NOX), and the precursors of aviation-induced cloudiness (AIC).

Based on the countries that have opted in thus far, the voluntary phases will o set about 64% of growth revenue tonne kilometers (RTKs) or about 11% of all international RTKs, whereas the mandatory phase will o set about 75% of growth RTKs or 32%
of total international RTKs. Between 2021 and 2035, the MBM is expected to cover approximately 73% of growth RTKs and 25% of all international RTKs. 

Read the full report here: ICCT   

 

Denmark's Biomass Reboot

Denmark is having a big impact on European pellet demand as DONG Energy, the country’s largest energy company, pivots away from coal and toward woody biomass.

Read the full story here: Biomass Magazine 

IKEA Launches Kitchen Made From Recycled PET-Bottles

IKEA has launched a range of sustainable kitchen fronts called KUNGSBACKA, which are made from recycled PET-bottles and wood.

PET-bottles are made from the recyclable material polyethylene therephalate, but aren’t often recycled and end up as waste in landfills. The innovative production of the KUNGSBACKA kitchen fronts means that a large quantity of PET-bottles are recycled and are used to replace virgin oil-based plastic.

Around twenty-five half-litre PET-bottles are used to create a plastic foil that coats the reclaimed wood kitchen fronts, creating a sustainable kitchen unit.

Read the full story here: CIWM

Meet Tradition Green at the Argus Biomass Conference in Singapore - 14th - 15th June 2017

Tradition Green is delighted to be attending the Argus Biomass conference in Singapore. Members of the London team will be flying out for the conference. 

If you would like to meet with the biomass team to discuss trading wood chips, pellets, finance or origination within the biomass markets, please email us on biomass@traditiongreen.com to arrange a time to meet!

For more information about the conference please visit: http://www.argusmedia.com/~/media/files/pdfs/argus-events/asia/2017/argus-biomass-asia-2017-brochure.pdf?la=en

Meet Tradition Green at the Argus Biomass Conference in London - 26th, 27th April 2017

Tradition Green is delighted to be speaking at the prestigious annual event in London this April. Francois Megret from our London office will be joining the panel discussion: Creating a central trading hub for wood pellets and improving price transparency on Day 1 of the conference.

If you would like to meet with Francois or other members of the biomass team to discuss trading wood chips, pellets, finance or origination within the biomass markets, please email us on biomass@traditiongreen.com to arrange a time to meet!

For more information about the conference please visit: http://www.argusmedia.com/events/argus-events/europe/argus-euro-biomass/conference-agenda/

Meet Tradition Green at the RISI Pulp & Paper conference, Vietnam on 13th - 15th February 2017

 

Tradition Green team members specialising in long term wood chip brokerage will be attending this annual conference which this year is located in the beautiful resort of Da Nang in Vietnam. Representatives from our offices in Beijing, China and Santiago, Chile will be attending on the 13th, 14th and 15th February 2017. If you would like to meet with us to discuss trading wood chips, pellets, charcoal or any other wood product, please email us on biomass@traditiongreen.com to arrange a time to meet!

For more information about the conference please visit: http://events.risiinfo.com/wood-fiber/ 

 

 

 

 

Indonesia ships first containers of timber under EU legality scheme

The first containers of plywood certified as legal under the EU’s anti-illegal-logging action plan were shipped out of the Indonesian capital on Tuesday, a milestone in the fight against blackmarket timber in one of the world’s most heavily forested countries.

Read the story here

UK trade groups REA, WHA launch biomass heat campaign

U.K.-based Renewable Energy Association, in association with the Wood Heat Association, recently launched a new campaign in an effort to urge government to prioritize the decarbonization of heat and to support the continued use of sustainable, affordable and low-carbon biomass, as it makes its final decisions around how renewable heat technologies will be funded to 2021.

Read the full story: Biomass Magazine

Concrete products reabsorb nearly half CO2 released in cement manufacture

The production of cement is a major source of carbon dioxide, but new research suggests the material that makes up our concrete jungles also plays an important role in reabsorbing carbon emissions.

 

During the manufacture of cement, carbon dioxide is emitted when limestone is converted to lime under heat in a process called calcination.

But as cement ages and weathers over time, it also absorbs carbon dioxide in a process called carbonation.

In a paper published today in Nature Geoscience, a team of researchers calculated that the carbonation process has offset as much as 43 per cent of the emissions associated with cement production, not including the emissions associated with fossil fuel use during cement production, over the past 70 years.

Read the full story: ABC 

Drax Biomass earns SBP certificates issued by SCS Global Services

The first Sustainable Biomass Partnership certificates issued by SCS Global Services, a leading global third-party certifier, were presented this week to industry leader, Drax Biomass Inc., for its Morehouse BioEnergy and Amite BioEnergy wood pellet manufacturing facilities. This certification follows on the heels of last month’s announcement that SBP had approved SCS as its newest certification body.  The SBP certification program is the world’s foremost standard for sustainable woody biomass production for use in industrial, large-scale energy production.

 

Read the full story: Biomass Magazine 

China finalises CO2 allocation plan for world’s biggest carbon market

China’s National Development and Reform Commission (NDRC) has finalised the allocation plan for the national emissions trading scheme and is awaiting approval by the State Council, but has already begun implementation talks with provincial leaders, a senior official said Thursday. 

California cap-and-trade expenditure deal benefits biomass

The California legislature has passed legislation that aims, in part, to support biomass plants within the state. The bill calls on electricity retailers to enter into five-year contracts for 125 MW of biomass power from facilities that generate energy from wood harvested from high fire hazard zones.

The bill, SB 859, features an expenditure plan for unallocated cap-and-trade proceeds. According to information released by the office of California Gov. Edmund Brown, the expenditure plan deal will reduce greenhouse gas (GHG) emissions through programs that benefit disadvantage communities, support clean transportation, reduce short-lived climate pollutants and protect natural ecosystems. The biomass provisions are among many provisions included in the bill.  

 

Read the full story here: Biomass Magazine 

Court Rejects Self-Managed Bankruptcy of Renewables Firm German Pellets

A German court has rejected a bankruptcy protection plan filed Wednesday by German Pellets, one of the world’s largest producers of wood pellets for heating, Handelsblatt has learned.

The insolvency court in Schwerin in northern Germany turned down the renewable energy company’s plan to effectively self-manage the bankruptcy process. Under the proposal, German Pellets’ founder Peter Leibold’s would have remained head of the company, with an insolvency administrator monitoring progress in the talks with bondholders.

Instead, the court has ruled in favor of a conventional bankruptcy. Bettina Schmudde of the law firm White&Case has been named the company’s insolvency administrator and will take charge of the proceedings. The court would not comment on its ruling when contacted by Handelsblatt.

A number of major bondholders, including investors in the United States, had been sharply critical of the plan because of Mr. Leibold’s continued leadership role, believing he should answer for the company’s financial collapse. Many had planned to vote against the plan, according to sources.

Frank Günther, a consultant who advised Germen Pellets on the bankruptcy and has been named its interim head, sharply criticized the court’s rejection and argued that most bondholders were behind it: “With this decision the court has defied the wishes of seven major creditors. That is unheard of,” he told Handelsblatt.

Read the full story here:  Handelsblatt

 

200 Largest Fossil Fuel Companies’ Global Carbon Emissions 460% Over World Carbon Budget

The total potential CO2 emissions from the total reserves of the world’s 200 largest publicly traded coal, oil, and gas reserve-owning companies now sits at over 460% of their carbon budget.

This is the primary conclusion from the third annual report from the Fossil Fuel Index, or FFI, a provider of financial research and products for investors looking for information on how to understand, measure, and act on climate risks. The report analyzes the previous year’s changes to what is known as The Carbon Underground 200TM (CU200), FFI’s list of the top publicly traded coal, oil, and gas-reserve-owning companies, ranked by their potential carbon emissions.

For investors, this continued over supply leaves open the possibility of stranded assets as investors seek to evaluate their portfolios. 

Read the full story here: Clean Technica 

 

Seagrass sequesters up to 45 times more than Amazonian rainforest

Seagrasses are flowering plants (not seaweed!) that grow in shallow coastal waters and are up to 35 times more effective in carbon uptake than Amazonian rainforests, and now they are being considered as a valuable way to reduce our carbon emissions. 

The Seagrass Grow campaign promotes its carbon offset program, a program which allows people to purchase carbon offset credits that funds seagrass planting. Seagrass habitats are up to 45 times more effective than the most pristine Amazonian rainforest in their carbon uptake abilities and provide protection and shelter to ocean habitat. For every $1 invested in coastal restoration projects, $15 in net economic benefits is created.

By utilizing this unique carbon offset program, The Ocean Foundation is able to combat ocean acidification, a result of carbon produced climate change, as well as help restore ocean habitat, and support the local communities that depend on ocean health.

Read the full story here: The Ocean Foundation