News
-
Adopted amendments to the Conditions of Trade in Biomass Products and the Typical Conditions of Supply of Biomass
2021-07-29
We have taken into account the suggestions and inquiries submitted by participants in the Exchange, as well disputes that arose within the course of the previous heating season. Now, having coordinated the draft Conditions of Trade in Biomass Products (hereinafter referred to as the Conditions of Trade), and the Typical Conditions of Supply of Biomass (hereinafter referred to as the Conditions of Supply) with the participants in the Exchange, the Energy Resource Exchange Operator has adopted the new versions of
-
Baltpool will advise the Ukrainian bioenergy market on the digitization of the country’s bioenergy market
2021-07-01
The Embassy of the Republic of Lithuania in Ukraine has provided funding from the Development Cooperation Program for the project “Digitization of the Central Heating Sector of Ukraine“. Baltpool will provide consultations to the Ukrainian bioenergy market and share long-term good practices in digitizing the bioenergy market in Lithuania. The key project partner is the Ukrainian Bioenergy Association, UABIO. During a meeting with the Lithuanian Ambassador to Ukraine, Minister of Energy of Ukraine German Galushchenko said that Ukraine has "great
-
Expert forecasts: what should we expect in the next heating season?
2021-06-04
As published by the international biomass exchange Baltpool, the last record-long heating season was the cheapest in Lithuania and the most expensive in Estonia. The turnover of energy sold this season amounted to 4 million MWh, compared to 3 million MWh during the same period in 2019-2020. Experts say that the prices of the next heating season will depend on sanctions against Belarus, which is one of the largest exporters supplying biomass to the Baltic countries. According to the data
-
Baltpool has started selling SBP-certified sustainable biomass that are in high demand in the market
2021-04-14
With the growing demand for sustainable biomass in Europe, the international biomass exchange Baltpool is expanding its range of products having sustainability certificates. From now on, exchange participants can trade in biomass that meet the requirements of sustainability and have a SBP (Sustainable Biomass Program) certificate, which is especially relevant for Scandinavian and Baltic companies. The SBP certificate, which proves the sustainability of biomass, is well-known and recognized worldwide, and it is also widely used in Europe, especially in Scandinavia
-
We remind you about the radiation protection requirements for biomass entering Latvia that came into force on 01/04/2021
2021-04-07
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
-
Trading in the ports of the Baltic, Scandinavian countries and Poland
2021-04-01
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
-
International biomass exchange “Baltpool” starts trading recycled wood products
2021-03-17
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
-
New version of Conditions of trade in biomass products
2021-02-15
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
-
Regarding changes to Rules of Operation of Market Makers applicable from 2nd February 2021
2021-02-01
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
-
Swedish company Stockholm Exergi starts operating in the Baltpool Biomass Exchange
2021-01-26
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
-
The entry into force of the radiation protection regulations for biomass imported into Latvia is postponed until 1 April 2020
2020-12-31
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
-
Denmark writing about BALTPOOL
2020-12-16
Energy Supply (Denmark) writing about our activity start as "Baltpool" in Denmark from 2021
-
Timber Exchange Trade Overview – November 2020
2020-12-15
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 – an international online biomass exchange set to offer more options to the Danish energy market
2020-12-04
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
-
API (Application programming interface)
2020-12-03
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
-
Biomass exchange overview – October 2020
2020-11-16
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
-
Timber Exchange Trade Overview – October 2020
2020-11-16
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
-
New radiation protection requirements for biomass imported into Latvia
2020-10-26
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
-
Biomass exchange overview – September 2020
2020-10-14
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
-
Timber Exchange Trade Overview – September 2020
2020-10-12
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