PIX Bioenergy - Pellet Continental
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Pellet Continental Europe – According to BDEW (Bundesverband der Energie- und Wasserwirtschaft), 5.3% of the new houses erected in Germany in 2016 are heated by wood or pellets. Natural gas was the most popular way of heating, accounting for 44.4% of the total new housing stock, whereas district heating and heat pumps each represented about 1/4 of the total. Remarkable is that heating oil only contributed to <1% share.
Eurostat reports that in 2016 the UK was again the main European pellet importer with imports of 7.1 million tons (up by 8% from 2015), representing more than half of the total European imports of 13.7 million tons. Denmark and Italy followed with 14% and 11% shares, respectively. Total European pellet imports increased by 2% in 2016 when compared to 2015.
In the M&A arena, a global pulp producing company Mercer International has taken over one of Germany’s largest sawmills and its biomass power plant near Friesau. In the pellet business, Drax has informed that it will now start acquiring the former German Pellets Urania assets in Louisiana, US, with a production capacity of 578 000 tpa. Drax is currently running two pellet plants in the US.
After a cooler period in early March, the weather turned more spring-like in Central Europe in the latter half of the month. The PIX Pellet Continental index value continued to head higher in March by 1.73 euros, or by 0.8%, with the index closing at 219.45 EUR/ton.