Categories: General
      Date: Jan  9, 2018
     Title: PIX Forest Biomass Finland 9.1.2018

PIX Bioenergy - Forest Biomass Finland

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The PIX Forest Biomass Finland index value is based on trading prices of November 2017 of forest residues and wood-based industry by-product bioenergy components in Finland, excluding pellets and liquid bio-fuels.

Lulucf negotiations have reached their goal. After many chapters, the final statute should not impact the Finnish government’s plans on increasing the felling alongside the growing wood use. Also, RED II discussions have gone forward. The council has agreed on the commission’s risk-based model on forest energy sustainability.

Oulun Energia has decided to build a new bio power plant in Laanila, Oulu, in Northern Finland. The construction of the new CHP plant will start in summer and it’s planned to be operational in late 2020. The new plant will replace the old Toppila 1 unit and is planned to be able to use multiple fuels flexibly, with wood having a major role.

As per the Luke statistics, the wood trade from privately owned forests amounted to 5.00 Mm³ in November 2017. The volume was 36% above the October 2017 volume, while 8% down y-o-y. According to Statistics Finland the energy consumption in Finland during January-September 2017 increased by 1% from 2016. The use of wood increased by 7%, covering 27% of the total consumption. The use of oil, natural gas, peat, nuclear power and hydro power decreased, while the use of coal remained the same.

November temperatures in Finland continued above average, especially in the eastern part of the country. After removing 10% of the extreme values, the PIX Forest Biomass Finland Index showed an increase of 12 cents, or 0.67%, and settled at 18.74 EUR/MWh.