The New North American Wood Pellet Market: The Easy Solution for Utilities & IPPS With Aging Coal Plant Assets
In June 2014, the EPA issued the “Clean Power Plan” (CPP) proposed rule under the authority of the Clean Air Act section 111(d), with the goal of reducing CO2 emissions by 30% from existing U.S. fossil power plants by 2030. The EPA is expected to issue its final rule for the CPP by June 2015, with compliance implications beginning in 2020 at the latest. In addition, 27 states plus Washington, DC have Renewable Portfolio Standards (RPS) specifying that electric utilities increase the integration of renewable or alternative energy sources and 11 other states have variants on RPSs. For Utilities and Independent Power Producers (IPPs) with older coal power plant assets, especially in RPS states, tough decisions are ahead. Do they close plants and incur lost revenues; or convert the plant and produce clean, dispatchable power?
Modifying old pulverized coal power plants to use industrial wood pellets for co-firing with coal or fuly replacing coal can provide a ready-to-go solution for compliance with state RPSs, delivering low carbon and low cost electricity that will also satisfy the EPA’s proposed carbon policy under section 111(d) of the Clean Air Act and the CPP. This strategy is the lowest cost solution to compliance and provides a renewable answer to the intermittency of wind and solar.
The 4th Industrial Wood Pellets for Coal Plant Co-Firing/Conversions Summit will bring together all the players—Government decision-makers, Utilities and Independent Power Producers (IPPs) with coal plant assets, operators of successful co-finring operations and conversions from pulverized coal to pulverized pellets, U.S. and Canadian white and black pellet producers, suppliers of sustainable wood fiber to pellet manufacturers, and other supply chain players—to discuss the business of modifying old pulverized coal plants to use industrial wood pellets for the lowest cost renewable power for CPP and RPS compliance. All these groups will share their ideas and perspectives on how best to work together to create a supply chain that can meet the needs of the emerging market. The Summit will be the ideal place to get valuable insight into the emerging market and to interact with the people who will create the domestic industrial wood pellets market of the future.
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