More than 100 people attend Baltpool event for the exchange customers

2019 06 13

The Lithuanian biomass market is maturing, and each winter season brings about new events and trends. This is why the Lithuanian Ministry of Energy and the Baltpool Energy Exchange, before the start of the new heating season, on 6 June, held the roundtable discussion for biomass market participants “Prepare for winter in summer: the biomass market in the forthcoming heating season.” During the event, more than 100 participants discussed the lessons learned over the past season and made forecasts for the future.

“The past season was characterised by a considerable price growth and the subsequent self-regulation of the market. As much as 25% of the biomass required in winter was purchased at the biomass exchange before the forthcoming season. We are already aware of the fact that much news awaits us in the winter. These include changes in the production amounts of firewood and timber harvesting waste, the investments into biomass transportation and loading/unloading work by the Lithuanian Railways, and changes due to the Vilnius and Kaunas cogeneration power plants that are currently being implemented. After the cogeneration power plants are launched, the market will be provided with major biomass production capacities. It is worth considering together how to make preparations for the forthcoming cold season more efficient,” said Andrius Smaliukas, Director General at Baltpool.

The event was inaugurated by Minister of Energy Žygimantas Vaičiūnas. The speakers and participants of the event included Andrius Smaliukas, Director General at Baltpool, Vaidotas Jonutis, Trade Director at Baltpool, Vilma Gaubytė, Director at Litbioma, international biomass products certification experts Thomas Siegmund and Alessia Gaetani, Valdas Kaubrė, Deputy Director for Timber Production and Trade of Vilnius State Forests Directorate, and Rimas Kudzmanas, representative of the Lithuanian Railways.