Business Briefs

By Pellet Mill Magazine | April 10, 2019

Pinnacle reports record sales
Pinnacle Renewable Energy Inc. released its fourth quarter 2018 financial results, reporting record pellet sales and new, long-term pellet contracts.

Pinnacle sold a record volume of 1.6 million metric tons of industrial wood pellets in 2018. The company secured six new long-term contracts with customers in Japan totaling $1.9 billion last year, including an additional contract during the fourth quarter. The company also secured two long-term contracts with CGN Daesan Power Co. Ltd. in South Korea, totaling $1 billion.

EIA releases densified biomass fuel report
The U.S. Energy Information Administration released data showing that U.S. manufacturers produced approximately 750,000 tons of densified biomass fuel in October, with sales reaching 900,000 tons. 
The data was released as part of the January edition of the EIA’s Monthly Densified Biomass Fuel Report, which includes data for October. The EIA collected data from 82 operating manufacturers of densified biomass fuel to complete the report. The report does not include data from facilities with annual production capacities of less than 10,000 tons, as smaller facilities are reported to report annually, rather than monthly. 

In October, respondents purchased 1.5 million tons of raw biomass feedstock, produced 750,000 tons of densified biomass fuel, and sold 900,000 tons of densified biomass fuel. Production included 174,077 tons of heating pellets and 571,430 tons of utility pellets. Domestic sales reached 287,689 tons at an average price of $162.04 per ton. Export sales reached 613,872 tons at an average price of $164.07 per ton.

Pacific Bioenergy contracts with Japan power plants
Pacific BioEnergy Corp. announced Jan. 18 that it has entered into two new long-term pellet supply contracts with Japanese power producers. Commencing in 2020 and 2022 respectively, PacBio will be supplying a combined 170,000 metric tons per annum to them by 2022.

PacBio’s pellets will be delivered to newly built, dedicated biomass power plants. This new business for PacBio has been and will be intermediated through Sumitomo Corp., PacBio’s 48 percent shareholder and marketing partner.

ProcessBarron featured on World’s Greatest!
ProcessBarron, an industry leader in total system solutions for air, ash and bulk materials handling, was selected by How2Media to be featured on Episode 268 of the show World’s Greatest!, which aired Jan. 21 and 28. After consideration of multiple companies, How2Media invited ProcessBarron to be featured on the show for its work in design, manufacturing, installation, maintenance, and repair of air, ash, and bulk materials handling equipment.

In September, How2Media visited ProcessBarron in Pelham, Alabama, to see the company in action. The company filmed interviews with executives, toured the facilities, captured employees at work, and saw firsthand the services provided to customers on a daily basis.

Player Design, Unitemp hire Nesbitt
Unitemp Dry Kilns and Player Design Inc. have hired Kevin Nesbitt as national sales manager for the Unitemp Dry Kiln and Player Design rotary wood dryer and energy system product lines. Nesbitt has over 24 years of capital equipment sales in air pollution control and dryers. He received a bachelor’s degree from Texas A&M University, College Station, and a master’s degree the New Jersey Institute of Technology. Nesbitt serves on the board of directors for the Carolinas Air Pollution Control Association. In his new role at Unitemp Dry Kilns and Player Design, he is responsible for North American sales and marketing.