The Rotterdam exchange is a joint development by the Port of Rotterdam and energy exchange company APX-ENDEX after a deal struck between the two companies in 2010.<\/p>\n
“In the port area itself, we foresee a market of two to three million tonnes in 2025,” said Hans Smits, chief executive of the Port of Rotterdam Authority, adding that as this will be only a fraction of the total demand, there is plenty of room for the initiative to increases the flow through the port.<\/p>\n
The global market for wood pellets is at present estimated to stand at around 10 million tonnes a year and experts predict that demand could grow by six times this amount by 2020.<\/p>\n
On the other side of the world, Georgia Ports Authority (GPA) and Canadian stevedore Logistec have agreed to upgrade the East River Terminal in Brunswick. This lies close to the timber and peanut pellet manufacturing facilities and means a competitive link through to European biomass markets.<\/p>\n
The investment of US$7m from the GPA and US$5m from Logistec will expand operations and deepen Berths 1 and 2 plus the Lanier Dock area to 36 feet at mean low water. The move will also raise capacity for a broad range of general and bulk cargo.<\/p>\n
The facility\u2019s new capacity will triple to one million tons annually and will create nearly 300 jobs in Georgia. It\u2019s due to come into operation by January 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"
Demand for biomass is spurring a number of new initiatives on different sides of the globe. The first biomass exchange is to be launched in Rotterdam, while in the US, Georgia is upgrading one of its terminals to cater for pellets.<\/p>\n","protected":false},"author":8,"featured_media":8324,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"sponsor":[],"class_list":["post-8323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/8323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=8323"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/8323\/revisions"}],"predecessor-version":[{"id":8325,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/8323\/revisions\/8325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/8324"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=8323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=8323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=8323"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=8323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}