The operation of the Biomass Exchange in Sweden has commenced.
The new partner, Svebio – Swedish Bioenergy Association, will encourage Swedish buyers and sellers to join the Exchange and conclude contracts there. We are currently modelling the system to ensure convenient trade for Swedish biomass suppliers and consumers. We hope to conclude the first contracts in Scandinavia at the beginning of the new heating season.
According to Andrius Smaliukas, CEO of Baltpool – The agreement with Svebio, the partner in Sweden, is significant for the Company’s expansion to foreign countries. Sweden has the deepest biomass energy traditions in the world, the size of its bioenergy market reaches 150 TWh per year (for comparison, the size of the Lithuanian bioenergy market is about 20 TWh per year), therefore cooperation with them is a great opportunity for further successful international expansion.
Wider buying and selling opportunities are forecasted for the participants of the Baltpool Biomass Exchange. Trading by ships and much larger contracts will increase activity and competitiveness on
– I am impressed by the Lithuanian development in the heating and power sector the last ten years. Lithuania has replaced fossil fuels with bioenergy and fuels from forests and thus improved the trade balance, security of supply and not at least decreased fossil emissions. Lithuania is a fantastic example for most other countries in Europe that should do the same. The Baltpool trading market has been an important tool to achieve this change of energy supply top renewables, – Gustav Melin, CEO of Svebio
The Biomass Exchange is growing and attracting the increasing numbers of participants. We want to wish everyone successful trade and good contracts with new Scandinavian participants and long-term members of the Exchange.
- Biomass occupies a dominant position in the Swedish heat market, mainly as a fuel for district heating.
- Bioenergy accounts for almost 40% of the energy consumption in Sweden.
- According to Svebio, the use of bioenergy is the main reason why Sweden managed to reduce greenhouse gas emissions by 25 percent from 1990 to 2014.
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