U.S. increased 35.7% y-o-y pellet exports to UK in first quarter of 2019 to 1.1 million tones with exports value was up 35.3% to $143 million, according to USDA data. The share of UK in U.S. pellet exports expanded 7 pp to 71.3%. Total exports from U.S. soared 22.3% to 5.12 million m3 in the[…]
Jartek delivered to Donelley Sawmillers Ltd first wood thermal modification chamber and thermal oil boiler plant in 2017. During year 2018 this plant with one 35 cubic metres chamber was not able to satisfy demand of thermally modified Radiata Pine and company decided to invest to second similar chamber. Jartek is leading supplier in Finnish[…]
Pinnacle Renewable Energy’s (“Pinnacle”) 1Q 2019 revenue totaled $89.6 million, an increase of 26.2% compared to $71 million for the 1Q 2018. Pinnacle reported a net loss of $6.3 million in 1Q 2019, compared to $12.8 million in Q1 2018. Net profit in 1Q 2019 was $0.2 million. Comprehensive loss for 1Q 2019 was $6.8[…]
Greenbacker Renewable Energy Company LLC (“Greenbacker”) announced the acquisition of the 12-megawatt Eagle Valley Clean Energy (“EVCE”) biomass project. Terms were not disclosed. The Eagle Valley Clean Energy biomass facility is a Gypsum, Colorado-based power plant which generates electricity from the combustion of waste wood. The plant sells 100% of its generated energy under a[…]
Saratoga Forest Management in Saratoga, Wyoming, suspends production starting May 20 and resuming on June 10, reports Random Lengths. “This suspension is to complete necessary maintenance projects in the sawmill and planer,” said Gary Ervin, SFM Managing Partner. Normal shipping hours will continue during this downtime as long as there is inventory to ship. Saratoga[…]
Ontario government is investing $5.5 million over five years in Ben Hokum & Son Ltd sawmill, helping the lumber producer protect over 100 jobs, create at least five new jobs and purchase new technologies to optimize its business. These investments are expected to result in a significant jump in domestic sales as well as exports.[…]
Bergs Timber AB has signed a letter of intent with AB Fogelfors Bruk regarding a potential acquisition of all shares in Fågelfors Hyvleri AB. The transaction is subject to the signing of a share purchase agreement (“SPA”), conducting a due diligence to the satisfaction of Bergs Timber, financing and board decision. The company will make an[…]
Hawke’s Bay’s flourishing forestry industry will be celebrated this year with the announcement of a new awards event being held in November. It’s been eight months in the making and sees the region join the likes of Gisborne, Nelson, southern North Island, Whangarei and Southland in honouring an industry vital to our export economy. Matt[…]
Dr Hunter Harrill, is leaving University of Canterbury School of Forestry after 8 years to take up a new position at Humboldt State University, USA as Assistant Professor. Rien Visser, Director of Forest Engineering at UC acknowledged Hunter’s influence saying, “He will be missed, as our students have greatly benefited from Hunters’ knowledge and enthusiasm[…]
Lumber prices in North America continued their decline from the 3Q/18 with another quarter of substantial reductions. Average lumber prices for southern yellow pine were down 12% quarter-over-quarter in the 3Q/18, which was then followed by a reduction of 17% in the 4Q/18. With practically no change in log or chip prices, gross margins, and[…]