biofuel

Canfor's $58 million pellet plants open in B.C.

Canfor Corp. has officially opened two new pellet plants in British Columbia to produce biofuel from the company's sawmills. A $58 million joint venture with Pacific Bioenergy Corp., the Chetwynd and Fort St. John pellet plants have a combined annual capacity of 175,000 tonnes.

Demand for woody biomass fuels sales for MDF fiber supplier

Demand for woody biomass for energy production is on the rise in developed nations. Tight supplies of wood fiber fuel in Japan have buyers seeking new sources. In the U.K., Active Energy Group says its wood fiber unit has received strong sales to panel suppliers, along with robust demand for energy markets.

Highland Pellets Places $30 Million Biofuels Plant Order

Astec Industries Inc. said it has entered into an agreement to build, deliver and install the first production line of a new turnkey wood pellet production facility for Highland Pellets LLC. Astec (Nasdaq: ASTE) said the initial $30 million order could total $143 million if additional equipment and services are ordered.

Wood-Based Biofuels Help FedEx Fly

Wood-based biofuel will be used to fuel FedEx jets within two years under a seven year contract between Red Rock Biofuels and FedEx Express, a subsidiary of FedEx Corp. Red Rock, which is also supply bio jet fuel to Southwest Airlines, will produce 3 million gallons of low-carbon, renewable jet fuel per year for the company. First delivery is in 2017.