Will US programme increase the supply of woody biomass?
The Biomass Crop Assistance Program (BCAP), a new federal program in the US that is intended to increase the usage of renewable energy by covering some of the costs related to the collection of woody biomass and agricultural residues, has been in effect for a few months and has created much interest, as well as confusion, within the forest industry, reports the North American Wood Fibre Review/Wood Resources International LLC
Earth Capital Partners hires sustainable agriculture and forestry team
Earth Capital Partners, a private equity firm focused on renewable energy, has hired a sustainable agriculture and forestry investment team from IBIS Capital Management and EMP Global.
RWE Innogy to establish one of the biggest wood pellet plants in the South of US
RWE Innogy is to build a factory to produce biomass pellets in the southern part of the U.S. state of Georgia. The plant will have an annual production capacity of 750,000 tonnes, making it the biggest and most modern of its type in the world, the company says. Around 1.5 million metric tonnes of fresh wood are needed each year to produce 750,000 tonnes of pellets.
Guyana qualifies for initial US$30M payout under Norway forests pact
Guyana hopes to conclude discussions with the World Bank and Norway in February to receive an initial US$30M through the forest preservation agreement with Oslo.
