Old Wood is new coal as polluters embrace carbon-eating trees
"Wood is very quickly becoming a very important part of the energy mix and in a few years will be a global commodity much like oil," said Heinrich Unland, chief executive officer of Novus Energy GmbH. The German company runs a wood-power plant north of Hamburg that supplies heat to a Total SA refinery.
Turning Tragedy into Triumph What can be done with the millions of U.S. forestland acres devastated by the mountain pine beetle? Biomass power applications are an attractive option, but action must be taken before the trees lose their value
The race to meet renewable energy targets has increased the demand for saw dust, shavings and wood chips.
Burning Issues: An Update on the Wood Pellet Market Burning wood pellets for heat and power has become common across central and northern Europe and yields considerable environmental, and economic, benefits
"We believe this product may potentially be a substitute for wood pellet as it produces the same amount of energy at 17.5 mega joules per kilogram (MJ/kg)," said OSK in its research report on Friday.
As palm pellets can produce a similar amount of energy, there is market potential for palm pellet as a substitute to wood pellets in Europe, it said.
"We are positive on the commercialization of its palm biomass pelletizing system as we believe this project would enhance earnings significantly. Based on our sensitivity analysis, we expect this project to boost FY12 earnings by 30-70% post commercialization, assuming EFB utilisation rate of 15% to 35%."
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