The UK and Drax reached a new deal that will halve the energy producer’s subsidies over 2027–31, while ensuring the group uses more sustainable sources of woody biomass, Reuters reported.
News in international markets
US Wood Pellet Exports Retreat in December
The US exported 879,332.3 metric tons of wood pellets in December, down from 973,783.9 metric tons in November, Biomass Magazine and the USDA reported.
Ireland Will No Longer Accept Scottish Logs Due to Larch Bark Beetle Concerns
Ireland has updated its policy on the acceptance of Scottish logs due to the potential presence of larch bark beetles.
Sveza Group Implementing Robotic Systems at Its Plywood Mill to Offset Labor Shortage
Russia’s Sveza Group is investing 400 million rubles (US$3.97 million) to install robotic systems at its production facility in Tyumen to help offset an acute labor shortage.
US to Pause Tariffs on Canada and Mexico for 30 Days
President Trump announced he would pause implementation of tariffs on Mexico and Canada for 30 days, AP reported.
Brazilian Exports of Wood-Based Products Increase Year-Over-Year in December
Brazilian exports of wood-based products (excluding pulp and paper) rose 14% in value year-over-year in December, ITTO reported.
Rettenmeier Holding Acquires Large Share of Insolvent Ziegler Group’s Operations
The timber group Rettenmeier Holding has acquired the sawmill and other significant parts of the wood processing division of the insolvent Ziegler Group, BR24 reported.
US Imposes 25% Tariffs on Imported Products From Canada and Mexico and 10% Tariff on China
President Trump announced that he is imposing tariffs on imports from Canada, Mexico, and China, Reuters reported. The new tariffs take effect on February 4.
HS Timber Group Acquires Latvian Wood Processing Company Kurekss
Austria-based HS Timber Group acquired 100% of the shares of Latvian wood processing company Kurekss SIA. The transaction also includes the pellet manufacturer Kurzemes Granulas.
Southern Pine Exports Fall 2% in November
Southern pine lumber exports declined 15.3% year-over-year and declined 2% month-over-month in November, the USDA and SFPA reported.