LATEST NEWS
Enviva Announces First Quarter Setback
Enviva, the world’s largest producer of industrial wood pellets, released its quarterly report in early May, and it rippled through the wood-to-energy ranks. “The plans and initiatives underway to improve productivity and costs across Enviva’s current asset platform continue to fall behind expectations,” commented John Keppler, Executive Chairman of the board. “While the board of directors remains convinced of management’s ability to deliver the originally forecasted operational and financial performance over time, it is clearly taking longer than expected…
Mercer Launches ‘Growing Forests – Growing A Future’
Mercer had announced the launch of a program supporting forest owners in Germany, called “Growing Forests – Growing A Future.” Mercer Holz, the wood purchasing arm of Mercer, is committed to partnering with forest owners in Germany to sustain the longevity of their forests. Over the next few years, in a concrete step of solidarity, Mercer will provide participating forest owners across Germany with a careful selection of seedlings to help replenish their forests. This is one of the first company-sponsored large-scale tree planting endeavors within the German wood products industry…
Oregon Town Gets Biomass Project Grant
City officials in Prineville and Crook County, Oregon are one step closer to building a biomass power plant in their central Oregon town after the U.S. Forest Service (FS) recently awarded a $1 million grant to the city and its Prineville Renewable Energy Project (PREP)…
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