The wood fuel market in Denmark – Price development, market efficiency and internationalization

Olsson, Olle; Hillring, Bengt

doi:10.1016/j.energy.2014.09.065

Cited by 17 publications

(7 citation statements)

References 25 publications

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“…While the local resources for wood fuels might be limited, it should be noted that trading and shipping biomass based fuels has been a common occurrence in the Baltic Sea area since the 1990s, with most of the imports currently coming from Russia and the Baltic states. In the case of woodchips, it should also be noted that the import is limited by the narrow price margins that lead to them only being viable for coastal plants [51][52][53].…”

Section: Considerations On the Sustainability Of Biomass And Msw As Lmentioning

confidence: 99%

The Possible Role of Modular Nuclear Reactors in District Heating: Case Helsinki Region

Värri

Syri

2019

Energies

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To answer the challenges presented by climate change, all aspects of our energy systems have to carry out a rapid transition towards decarbonisation. This is especially true for the European heating sector that still relies heavily on fossil fuels. District heating systems have been traditionally praised for their efficiency, but replacing old fossil fuel based combined heat and power (CHP) plants is an ongoing challenge, and also the sustainability of biomass as a large-scale option can be considered questionable. Small modular nuclear reactors are one of the potential sources of future CO2-free district heat production. We evaluate the suitability and cost-effectiveness of these plants for district heating through literature review and scenario modelling. The technical aspects of small modular reactors seem promising but there is still a significant amount of uncertainty around both their costs and deployability. The scenario modelling assesses the investment in 300 MWdh of new district heating capacity in the Helsinki Metropolitan area in 2030 either as a CHP plant or as a heat-only boiler. The results indicate that a modular nuclear heat-only boiler could be profitable, while profitable investment in a modular nuclear CHP plant relies heavily on future electricity market price levels.

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Section: Considerations On the Sustainability Of Biomass And Msw As Lmentioning

confidence: 99%

The Possible Role of Modular Nuclear Reactors in District Heating: Case Helsinki Region

Värri

Syri

2019

Energies

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“…On the other hand, a simultaneous increase in demand for high-quality wood products would leave mainly low-quality wood and by-products for pellet production purposes (Diaz-Chavez et al 2019 ). This may complicate the fulfilment of specific industrial-grade quality standards of pellets used in CHP plants in the EU (Olsson and Hillring 2014 ), perhaps dampening demand. The counteracting forces of demand and price fluctuations are illustrated in Fig.…”

Section: Resultsmentioning

confidence: 99%

Using systems thinking and causal loop diagrams to identify cascading climate change impacts on bioenergy supply systems

Groundstroem

Juhola

2021

Mitig Adapt Strateg Glob Change

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Increased use of bioenergy, driven by ambitious climate and energy policies, has led to an upsurge in international bioenergy trade. Simultaneously, it is evident that every node of the bioenergy supply chain, from cultivation of energy crops to production of electricity and heat, is vulnerable to climate change impacts. However, climate change assessments of bioenergy supply chains neither account for the global nature of the bioenergy market, nor the complexity and dynamic interconnectivity between and within different sub-systems in which the bioenergy supply chain is embedded, thereby neglecting potential compounding and cascading impacts of climate change. In this paper, systems thinking is utilised to develop an analytical framework to address this gap, and aided by causal loop diagrams, cascading impacts of climate change are identified for a case study concerning imports of wood pellets from the United States to the European Union. The findings illustrate how the complexity and interconnectivity of the wood pellet supply system predispose the supply chain to various cascading climate change impacts stemming from environmental, social, political and economic domains, and highlight the value of using system-based analysis tools for studying such complex and dynamic systems.

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“…We believe wood chip traded for paper production (pulpwood) can also be used for bioenergy. For example, as Olsson and Hillring mentioned, in 2009, the global financial crisis reduced demand for pulpwood from Swedish pulp and paper producers, which led to excessive export of pulpwood for energy to Denmark . Therefore, we modeled the entire demand and supply of wood chip, but our scenarios only modeled changes in policies from energy.…”

Section: Methodsmentioning

confidence: 99%

Analysis of the global wood‐chip trade's response to renewable energy policies using a spatial price equilibrium model

Jiang

Searle²,

Siddiqui

2017

Biofuels Bioprod Bioref

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Wood chip, mainly used to produce paper and other products traditionally, has also been used to produce biofuel. The global demand for wood chip is increasing as policies promote the use of biomass for renewable energy. The USA has been a major exporter of wood chip worldwide, but US exports of wood chip could decline if this resource is increasingly used for domestic electricity generation and cellulosic biofuel production. Meanwhile, European Union (EU) demand for wood chip is expected to increase rapidly in response to its renewable energy policy. In this paper, we build the fi rst global trade model for wood chip using available wood chip trade data and analyze the combined effects of local renewable energy policies in these jurisdictions on the global market of wood chip. We fi nd that the tropical regions of Latin America and Southeast Asia as well as the Former Soviet Union would increase their export of wood chip signifi cantly in response to the policy scenarios. If forest governance in some of these countries is weak, US and EU renewable energy policy could inadvertently exacerbate deforestation in these regions, with an associated negative impact on carbon storage and other environmental services.

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The wood fuel market in Denmark – Price development, market efficiency and internationalization

Cited by 17 publications

References 25 publications

The Possible Role of Modular Nuclear Reactors in District Heating: Case Helsinki Region

The Possible Role of Modular Nuclear Reactors in District Heating: Case Helsinki Region

Using systems thinking and causal loop diagrams to identify cascading climate change impacts on bioenergy supply systems

Analysis of the global wood‐chip trade's response to renewable energy policies using a spatial price equilibrium model

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