Search Results for: renewable energy

Work is underway at the site in Russellville, Pope County in northwestern Arkansas, with commercial operations expected to begin at the plant in 2022. The move is part of a $40 million investment by Drax in the state, creating approximately 30 new direct jobs and many more indirect jobs across Arkansas. Arkansas Secretary of Commerce[…]

The Kemi bioproduct mill project of Metsä Fibre, part of Metsä Group, is progressing according to plan and the mill’s foundation stone was laid on 13 September 2021. The foundation stone was laid to the area of fibre line of the new mill by Ismo Nousiainen, CEO of Metsä Fibre, Jari-Pekka Johansson, Project Director of the Kemi[…]

Segezha Group PJSC (‘Segezha Group’ or the ‘Company’, MOEX: SGZH), a Sistema company and one of Russia’s leading vertically integrated timber holding companies with a full cycle of logging and deep wood processing, has reported increased pellet production and export to EU countries. In the first half of 2021, KsyloTech-Siberia, the Company’s pellet asset in[…]

Sierra Pacific Industries (SPI) and Seneca has announced that SPI plans to acquire Seneca and affiliates, combining two complementary, familyowned forest products businesses with strong historical roots on the West Coast. Founded in 1953, Seneca operates a 175,000-acre sustainably-managed tree farm, sawmills, and a biomass plant in Oregon. SPI, a leading lumber producer that manages[…]

Some of the major forestry equipment market participants are Kesla Oyj, Hitachi Construction Machinery, Eco Log Sweden AB, Caterpillar Inc., Komatsu Forest, Ponsse PLC, Husqvarna AB, Deere & Company, Tigercat International, Doosan Group, STIHL, and Logset Oy. Global Market Insights Inc. has recently added a new report on the forestry equipment market that estimates the market[…]

Glennon Brothers, a third-generation family timber processing business, has entered into an agreement with SHV Energy to purchase Balcas Ltd, subject to approval from the Competition and Markets Authority in the UK and Competition and Consumer Protection Commission in Ireland. Balcas operates a sawmill in Enniskillen, County Fermanagh, Northern Ireland, producing quality sawn timber products[…]

Antti Koulumies has been appointed Senior Vice President, UPM Timber as of June 1st 2021. He will be based in Helsinki reporting to Bernd Eikens, EVP, UPM Biorefining. Koulumies holds a M.Sc., Industrial Management from Aalto University. He joins UPM from REEL International that acquired Metso Outotec Aluminium business this year. Prior to aluminium business leadership position, Koulumies led the business control, strategy and M&A at[…]

Europe’s pellet industry is the largest in the world and is expected to continue to grow strongly, at least until 2025. The key factors driving this increase include: ·       EU has ambitious and rising targets for renewable energy supply, ·       Biomass will play an important role in meeting those targets, ·       Pellets offer several advantages over other forms[…]

New, comprehensive, online tool helps landowners build their biodiversity and net zero carbon strategies, as well as navigate post-EU subsidy regimes. (Oxford, March 2021) New tools help to identify and measure the natural capital of assets to develop future carbon strategies and access post-Brexit environmental subsidies. As landowners, estate managers, renewable energy and traditional farm[…]

Metsä Fibre, part of Metsä Group, has made the investment decision to build a new bioproduct mill in Kemi, Finland. The value of the investment is EUR 1.6 billion and it is the largest investment ever made by the Finnish forest industry in Finland. The construction phase will take approximately two and a half years, and the mill will be completed during the third quarter of 2023. In[…]