PIX Bioenergy - Forest Biomass Finland
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The PIX Forest Biomass Finland index value is based on trading prices of February 2017 of forest residues and wood based industry by-product bioenergy components in Finland, excluding pellets and liquid bio-fuels.
During the Nordic Baltic Bioenergy seminar held in Helsinki, the current topics were discussed widely. The situation of CHP production was again on the table. The Finnish energy and climate strategy estimates the CHP production to stay roughly on the same level as today to the year 2030. However, as there are many CHP production facilities likely to be decommissioned before 2030, and the current market situation does not encourage to CHP investments in district heating, the reality in 2030 could be different.
According to Luke, the use of solid wood fuels in heating and power production increased 6% from 2015 to a record high 19.4 Mm³ in 2016. The share of forest chips was about 40% (7.6 Mm³), and the industry byproducts accounted for 55% (10.7 Mm³), of which almost 70% was bark. Forest chip use increased by 3% from the previous year and industry byproducts by 6%. The Luke statistics show also that the wood trade from privately owned forests amounted to 3.46 Mm³ in January 2017. This was about 0.5 Mm³ (13%) less than during January 2017, but about 0.56 Mm³ (16%) above the February 2016 level.
The mild weather continued in Finland also in February, reducing the heating needs. After removing the 10% of the extreme values, despite the decline in volumes, our PIX Forest Biomass Finland Index value headed north by 16 cents, i.e. by 0.86%, to 19.27 EUR/MWh.