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Latest Wood pellet Stories

2009-11-19 09:55:00

HOUSTON, Nov. 19 /PRNewswire/ -- Global energy price reporting agency Argus has expanded its existing coverage of US biomass markets. (Logo: http://www.newscom.com/cgi-bin/prnh/20091119/DA14418LOGO) The new coverage includes assessments at domestic delivery locations that reflect the increased trade in industrial wood pellets. The additional coverage supplements existing Argus assessments of US east coast and west coast biomass export prices. "Argus sees the potential of biomass...

2009-11-05 12:00:00

MONTREAL, Nov. 5 /PRNewswire-FirstCall/ - CN (TSX: CNR)(NYSE: CNI) - North America's largest mover of forest products - is on track to haul more than 800,000 tons of wood pellets (http://www.cn.ca/woodpellets) this year and sees more opportunities in the future for this "green" source of heating energy. "Since 2005, we have experienced a 16 per cent compounded annual growth in our wood pellet traffic, and we see growing potential for this business in domestic and international markets," said...

2009-11-02 13:38:00

LONDON, Nov. 2 /PRNewswire-FirstCall/ -- VEGA PROMOTIONAL SYSTEMS, INC. (Pink OTC: VGPR) announced today it is accepting bids for the construction of its Georgia fuel pellet manufacturing plant. The proposed 40,000 square foot manufacturing facility will be located in Tifton, Georgia and will manufacture energy efficient pellet fuel from organic waste bi-products located within the State. The Company will capitalize on the abundance of biomass in Georgia's Bioenergy Corridor and when...

2009-09-30 10:39:00

CHATTANOOGA, Tenn., Sept. 30 /PRNewswire-FirstCall/ -- Astec Industries, Inc. (Nasdaq: ASTE) announced today the acquisition of Industrial Mechanical & Integration ("IMI") located in Walkerton Ontario, Canada. IMI is a small company with unique machine technology used to make wood pellets. Rick Minke, President of IMI and key employees have agreed to remain with the company to further develop and promote this new technology. IMI has been testing the technology for two years and is now...

2009-08-21 06:00:00

ATHENS, Ga., Aug. 21 /PRNewswire/ -- All wood-consuming bioenergy projects are not created equal. For example, wood pellet-producing and wood-to-electricity projects rely on off-the-shelf, proven technologies while cellulosic ethanol projects depend on evolving and currently economically unviable technology. However, assuming all 100 wood bioenergy projects publicly announced in the US South succeeded, they would consume 40.9 million tons annually by 2020, a 20% increase of current total...

2009-08-07 09:00:00

JAFFREY, N.H., Aug. 7 /PRNewswire/ -- New England Wood Pellet LLC (NEWP), and Norbord Inc. (TSX: NBD) today announced that NEWP will acquire Norbord's Deposit, New York land and property and build a new 100,000 ton-per-year state-of-the-art wood pellet manufacturing facility. NEWP and Norbord expect to close on the purchase and sale by November 5, 2009. Norbord's intentions are to continue manufacturing of medium-density fiberboard until closing. "We are excited to work with Norbord...

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2009-08-04 16:10:00

The forestry industry in Europe, the former Soviet Union and North America experienced its largest decline in wood demand since the 1970s, driven mainly by the weak housing market, the United Nations said on Tuesday. However, as the industry shuts down sawmills and restructures, it can look forward to a healthy new market for environmentally friendly wood-based energy, such as biofuels and pellets, said the U.N. Economic Commission for Europe (UNECE). "This year we had one of the biggest...

2009-07-08 08:00:00

LONDON, July 8 /PRNewswire-FirstCall/ -- VEGA PROMOTIONAL SYSTEMS, INC. (Pink Sheets: VGPR) issues the following status report on the Company. Through a Marketing Agreement with Natural Fuels Industries Company, Inc. of Thailand, Vega currently markets various products including energy efficient pellet fuel made from organic waste bi-products. The Company's Business Plan includes building alternative energy manufacturing plants in various international locations that will produce biomass...

2009-07-06 08:35:00

NEW YORK, July 6 /PRNewswire-FirstCall/ -- Green Energy Resources (Pink Sheets: GRGR) announced it has received two separate orders totaling 20,000 tons of wood pellets valued at $28 million dollars over 12 months. The order is expected to commence late in 2009 and extend throughout 2010. The wood pellets are used in co-firing with coal to reduce green house gas emissions. GRGR announced in June it signed a ten (10) year US domestic biomass supply contract valued at over $300 million...

2009-06-01 14:06:00

JAFFREY, N.H., June 1 /PRNewswire/ -- Propell Energy is pleased to announce that Steve Walker, president and CEO of its parent company, New England Wood Pellet, LLC, is a finalist in this year's New England regional Ernst & Young Entrepreneur Of The Year award program. Now in its 23rd year, Ernst & Young's Entrepreneur of the Year is the world's most prestigious business award for entrepreneurs. It honors outstanding entrepreneurs who inspire others with their vision, leadership, and...