¦BIOMASSNEWS Natural gas prices could exceed wood pellet prices soon
French officials visit Enginuity Energy
A report issued by FutureMetrics LLC finds that the price of natural gas is expected to be higher than that of wood pellet fuel within the next three to eight years. The report, titled “An Analysis of the Future of Natural Gas Prices and Wood Pellet Prices: Natural gas will become more costly than wood pellets,” projects that cheap natural gas prices will end before 2020 due to rapidly increasing global demand in the transportation and power sectors and other market factors. Domestic natural gas producers are interested in exporting natural gas, in much the same way crude oil is shipped today, the report says, which could increase prices. The analysis also notes that exporting influences also have the potential to impact pellet prices, but that current economics show that wood pellets generate more profit when used domestically, which is likely to mitigate interest in exporting the fuel.
Gasification technology designed by Mechanicsburg, Pa.-based Enginuity Energy could be destined for France after two French agriculture officials toured the company’s headquarters and witnessed Enginuity Energy’s Ecoremedy technology convert poultry litter and other waste products into renewable power. The process features advanced conveyor systems, an automated touchscreen control interface and a four-stage gasification process. An Ecoremedy pilot plant has been in operation since 2008 at a Tyson Foods Georgia facility, where the gasification technology converts more than 500 tons of poultry litter into 110 pounds per square inch of process steam. Enginuity Energy has partnered with Cyclone Power Technologies to build a small-scale modular unit and is in talks to form partnerships in Australia, Northern Ireland, Maryland, West Virginia and regions in the U.S.
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