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Recent Articles

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Commentary: Enviva could face bankruptcy due to financial struggles, collapsing wood pellet prices; company reported large Q3 losses, missed US$24.4M bond payment in January, has been in unsuccessful negotiations with lenders ahead of early March deadline

Drax 2023 operating profit soars to £908M from previous year's £146M; company targets 8 million tonnes/year of pellet production capacity by 2030, is currently in talks with UK government to ensure Drax Power Station's long-term role in energy security

Drax Group accused of burning timber from protected Canadian forests despite previous promises not to; BBC research shows that in 2023 Drax took over 40,000 tonnes of wood from rare, old-growth forests in British Colombia, which supports unique habitats

UK government considers extending subsidies to Drax for burning biomass pellets from trees, despite opposition from scientists, British and Canadian groups; Drax defends sourcing practices, stating that fiber is designated as sustainably harvestable

North American sawmill capacity increased in Q1 from Q4 2023 on mill expansions and new builds, offsetting closures in the West and South; plywood manufacturing capacity down 0.7%, OSB capacity stable, pellet mill capacity increased the most at 1.4%

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