Europe's first biomass exchange to open in November

Reuters
AMSTERDAM Thu Sep 29, 2011 11:12am EDT

AMSTERDAM (Reuters) - Europe's first exchange for trading wood pellets, used to replace coal in electricity generation, will be launched on November 3 in the port of Rotterdam, Anglo-Dutch exchange APX Endex said in a statement.

The global market of wood pellets is growing as a result of world-wide policies to cut CO2 emissions and replace fossil fuels with renewable sources of energy.

The biomass exchange is joint project of Anglo-Dutch power and gas exchange APX-Endex and Europe's biggest port, agreed in 2010.

Currently, the global wood pellet market is estimated at 10 million tonnes and it could grow sixfold by 2020.

Read more