From 13th April, the participants of the Baltpool International Biofuel Exchange will be able to trade in SBP-certified biomass products. "The SBP certificate assures the sustainability of biomass and is recognized worldwide. It is also widely used in Europe, especially in Scandinavian countries which have a high demand for sustainable biomass products. Adding SBP-certified biomass products to our exchange will give our customers an option to trade them here. This move is especially important for businesses that export and import
On 15/09/2020, the Latvian Cabinet of Ministers adopted Regulations No 576 (hereinafter referred to as the Requirements) laying down stricter radiation protection requirements for biomass (firewood, chips, and sawdust) entering Latvian territory from any other country, which were postponed until 1st April 2021. Although the Republic of Lithuania and the Republic of Estonia have submitted comments to the Republic of Latvia on the restriction of the free movement of goods caused by the Requirements in accordance with the procedure established
The international biomass exchange Baltpool continues to expand its activities and since March started trading in biomass in the ports of the Baltic and Scandinavian countries as well as Poland. This step by Baltpool will create even more opportunities for biomass producers to expand the geography and increase the trade volumes of their products internationally. Likewise, the buyers from the Scandinavian countries will have more opportunities to purchase sustainable biomass from the Baltic Sea region. "Trade of biomass through ships
The international biomass exchange Baltpool is expanding its activities and started trading a new product – biomass from recycled wood. This solution opens up opportunities for construction and industrial waste management companies to participate in biomass trade auctions as well as offer biomass products from recycled wood to energy and heat producers in the Baltic and Scandinavian countries. "By starting to trade in recycled wood biomass products, we enable companies in various countries that use biomass for energy production to
From 22nd February 2021, amendments to the Conditions of trade in biomass products (hereafter – ‘Trade Conditions’) shall enter into force: Start of biomass trade with ships. Trading will be conducted under the same conditions as the Incoterms 2020 FOB and CIF. It should be noted that biomass can also be traded under the Incoterms 2020 FAS conditions in standard biofuels trading (Annex 7 of Trade Conditions). A new product is included in trading – recycled wood (Annex 4 of Trade
To further improve trade processes in the International Biomass Exchange, we have updated the Rules of Operation of Market Makers which enters into force on 2nd February 2021. Main changes: It is established that market makers will henceforth be able to place orders for current calendar week transactions too. The additional security limit granted to category A participants is increased up to the limit of the limit granted to category B participants. The provisions on the benefits of the market makers are clarified. Those amendments shall enter into force on 2nd February 2021 (including). You can
Stockholm Exergi, one of Sweden's largest energy companies, has joined the Baltpool International Biomass Exchange as of January this year. According to Andrius Smaliukas, CEO of Baltpool, the addition of such a strong energy sector player demonstrates a recognition of the value created by the biomass exchange and its attractiveness at the international level. Monica Lundgren, Head of Fuel Supply Management at Stockholm Exergi, agrees. “Trading at Baltpool will increase the number of suppliers that are available to us, and
We hereby remind that the Latvian Cabinet of Ministers adopted the Regulation No. 576 on 15 September 2020 (hereinafter the “Regulations”), which prescribe more stringent radiation protection requirements for biomass (firewood, woodchips, and sawdust) imported into the territory of Latvia from another country, with application starting as early as 1 January 2021. The start of application of the requirements has been postponed until 1 April 2021 after the Republic of Lithuania and the Republic of Estonia submitted comments to the
Energy Supply (Denmark) writing about our activity start as "Baltpool" in Denmark from 2021
In addition to short-term auctions, a half-year action was held in November and, after a break of more than two years, a long-term auction was held, and the State Forests Directorate offered a total of more than 1.2 million solid m3 of timber for sale at these two auctions. Both auctions can be viewed as successful and have received considerable buyer attention. A total of 252 participants took part in the half-year auction, and 121 participants participated in the long-term auction.
BALTPOOL - аn international digital biomass exchange, is ready to up its commitment to the Danish solid biomass market by launching its operation under its own brand name (https://www.baltpool.eu) starting January 1, 2021. BALTPOOL‘s direct presence will provide Danish customers a one-click option to trade woodchips and pellets from home with convenient online access to the markets of neighboring countries. With 136 buyers and more than 300 sellers from different countries on board, BALTPOOL’s online trading system is often ranked among the best-organized models for biomass trade in Europe. It has already turned into a key instrument for liquid and competitive biomass market transactions in Lithuania
BALTPOOL UAB offers a software programming interface (hereinafter – API) to effectively integrate the biomass electronic trading system (hereinafter – ETS) into existing customer systems and improve the user experience by ensuring convenience, efficiency and accurate reporting. BALTPOOL offers the following API methods: Receive information on transactions concluded by the company; Receive supply schedule information. Receive and create reports on fuel quantity and quality indicators; Receive waybill information. Get started with BALTPOOL APIs BALTPOOL API is only available to our
In October, foreign trade totalled 2,100 MWh. In Estonia, one of the largest buyers of this market, Enefit Energiatootmine AS controlled by the Ееsti Energia group, continued to trade under Spot contracts during all trading sessions, and the number of sellers during the sessions continues to grow. In Latvia, a contract was concluded in Kurzeme region. The weighted price under contracts amounted to 9.90 EUR/MWh in Latvia and 12.64 EUR/MWh in Estonia. The price in Latvia decreased by 22% compared
European timber exporters have increased the share of sales to overseas countries from 30% to 45% over the past decade, and, in 2020, more than one fifth of their timber was exported to Asia. The current unique situation has provided European producers with new opportunities: demand for timber in Europe has dropped and supply has increased considerably, while the countries with the greatest demand for timber lack their own timber resources. The four major European exporters – Sweden, Finland, Germany
On 15 September 2020, the Latvian Cabinet of Ministers adopted Rules No. 576, which prescribe more stringent radiation protection requirements for biomass (firewood, woodchips and sawdust) imported into the Latvian territory that will apply starting 1 January 2021. WE WOULD LIKE TO NOTE THAT THESE REQUIREMENTS WILL APPLY TO ALL BIOMASS SUPPLIES TO THE LATVIAN TERRITORY STARTING 1 JANUARY 2021, IRRESPECTIVE OF WHETHER A CONTRACT UNDER WHICH A SUPPLY IS TO BE CARRIED OUT IS CONCLUDED BEFORE THE 1 JANUARY
Foreign trade was more active in September than in August. Some largest buyers of Estonian and Latvian markets were purchasing biomass on the exchange. Short-term contracts for the supply of 7,000 MWh of biomass were concluded. The weighted contract price was 11.73 EUR/MWh in Latvia and 12.42 EUR/MWh in Estonia. Compared to the same period of 2019, the price in Latvia decreased by 6% and the price in Estonia, since the last transaction concluded in March 2020, has fallen by
In September 2020, the Timber Spot LT index increased by 3.6% and reached 34.12 EUR/solid m3. Compared to September 2019, the value of the index was 9.8% higher. After the record lows in October 2019 (27.97 EUR/solid m3), the value of the index that has been increasing for the fifth consecutive month has reached the average of the past 5 years (34.74 EUR/solid m3). READ MORE
We would like to inform you that the procedure for payment of the initial contribution in the Electronic Timber Trading System (ETTS) is changing. From 12/10/2020, when making the payment of the initial contribution, in payment details section insert only the Auction ID. Auction ID consists of 4 digits, which you will find in the "General Information" section of each auction.
Amendments to the Energy Exchange Regulation, the Conditions of Trade in Biomass Products and the Typical Conditions of Supply of Biomass take effect on 1 September 2020. A summary of what each participant of the exchange must know is provided below. I. Commencement of trade in MWh. 1. The following multiples and minimum quantities of an indivisible order shall apply: Purchased quantity of woodchips per week (pellets) Indivisible quantity per woodchips order (pellets) Minimum quantity per woodchips contract (pellets) <700 MWh per week (<300 MWh) 70 MWh (10 MWh) Quantity indicated
In August, the most active foreign trade was in Latvia. Short-term contracts for 1,745 MWh of biomass were concluded. The weighted price of the contracts was 10.49 EUR/MWh. The price decreased by 17% compared to the same period of 2019. Lithuanian prices under SPOT contracts are currently 31% lower than in Latvia. Read more.