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March 3, 2017

In this Week's Pellet Wire:

HPBExpo Underway in Atlanta!

Many PFI members are at the Hearth Patio and Barbecue Expo in Atlanta, Georgia, this week. We look forward to hearing your stories. Email us with any Expo news you'd like to share. Next week we will update you on Breakfast & Biomass. Have a great Expo!

PFI Standards Program Welcomes Pacific Coast Pellets and Dry Creek Products

The Pellet Fuels Institute announced this week the qualification of Dry Creek Products of Arcade, NY, and Pacific Coast Pellets of Shelton, Washington, to the PFI Standards Program. The program now represents 23 pellet manufacturers with 36 facilities among them. Both companies were qualified by accredited auditing agency Timber Products Inspection.

For information on qualifying for the program, the first step is to contact an accredited auditing agency, a list of which can be find on PFI's website. For further details on the PFI Standards Program, including a list of participating manufacturers, visit the PFI website, www.pelletheat.org. 

2017 PFI Sponsorship & Advertising Opportunities 

PFI invites you to become a 2017 sponsor! This year, we have developed a new, streamlined sponsorship program that will create multiple opportunities for your company in 2017. Your company will have great visibility at PFI events, on the PFI website, and in the PFI newsletter, amongst other benefits.

The 2017 Sponsorship packages include benefits such as:

  • PFI Annual Conference registrations
  • Breakfast & Biomass registrations
  • Company logo listed on the PFI website
  • 10x10 booth at the PFI Annual Conference
  • Weekly newsletter advertising
  • Website advertising
  • And more!

PFI's membership includes over 100 member companies, and our electronic newsletter is sent to over 3,500 people every week. Now is the time to become a sponsor of this organization. Visit our website to explore how you can become involved.

Follow and Connect With Us on Social Media!

We urge all PFI members to engage with us on social media. By joining PFI in being visible and active on social media, we can make our voices heard more loudly and by many more audiences.

Follow us on Twitter: @PelletFuel
Friend us on Facebook: www.facebook.com/pfipellets
Link with us on LinkedIn: www.linkedin.com/company/pellet-fuels-institute

Have News to Share on Pellet Wire?

We'd love to feature your company's news in a future Pellet Wire! We want to be the first to know your company's recent developments to share them with the wider pellet fuels industry.

Please be in touch with Carrie Annand at [email protected] with information on your company's growth, job openings, promotions or other news. 

Join a PFI Committee

We welcome and encourage all interested PFI members to get involved in our committees. There are many opportunities to help steer the association. No matter where your expertise and interests lie, we have a committee that will suit you. Help us plan our next conference, shape our policy agenda, lead communications outreach or grow the PFI Standards Program. Visit PFI's website for more information.

 

Upcoming Industry Events 

March 3, 2017: PFI Breakfast & Biomass

July 23-25, 2017: PFI Annual Conference

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Fuel Availability

Are you a PFI member pellet manufacturer or distributor that has fuel available? Email [email protected] to have your listing updated or added to the PFI website.

Industry News

Drax Bids to Buy Two Southern Pellet Mills
Biomass Magazine
Drax announced on Feb. 27 that it is participating in separate processes for the acquisition out of bankruptcy for the operating assets of Texas Pellets in Woodville, Texas, and Louisiana Pellets in Urania, Louisiana.

Drax notified investors that it has submitted initial cash bids for the assets as part of an auction process, which will be held on March 1 and March 2. "Whilst these are binding bids, and could be accepted by the sellers, it is expected that the successful buyer will be determined through auctions," Drax said.

Read the Full Article

Astec Weighs in on Strong Year, Future Wood Pellet Projects
Biomass Magazine
Astec Inc. reported a solid year in 2016, having grown both revenue and net income quarter-over- quarter and year-over-year, on top of an end-of-year record backlog and a larger-than-anticipated number for pellet plant revenue.

Net sales for the fourth quarter of 2016 were $326.6 million, compared to $215.0 million for Q4 2015, 2015, a 52 percent increase. Earnings for the Q4 2016 were $12.4 million or $0.53 per diluted share, compared to $3.6 million or $0.16 per diluted share in Q4 2015, an increase in earnings per share of 231 percent.

Read the Full Article

NH's Wood Heat Efforts Slow
New Hampshire Business Journal
The use of wood chips and pellets for heating businesses, schools and government buildings has grown dramatically in the last five years and is reportedly saving three hospitals in the North Country alone about $750,000 a year.

But the switchover has been stalled by lower prices for fossil fuel, according to a new study done by Innovative Natural Resource Solutions.

Read the Full Article

 

Pellet Fuels Institute |  [email protected]   | 206.209.5277