Ukrainian biomass companies risk bankruptcy after Poland drops subsidies

August 13, 2013 |

In Poland, the government dropped subsidies for companies co-firing with biomass pellets earlier in the year, which has led to a huge slide in demand nearing 50%. Ukraine was a major exporter of those biomass pellets, and the significant, and quick, drop in demand has a had a negative impact on those Ukrainian producers. Some are even tinkering around bankruptcy. For existing demand, prices continue to fall, only reaching up to EUR105 per ton compared to EUR125 per ton last year.

Category: Fuels

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