First renewable energy exchange opens in Amsterdam

November 3, 2011
APX-Endex will launch the world's first exchange-traded certified wood pellet contracts
Dutch-Belgian energy market provider APX-Endex launched a "biomass exchange" Thursday specialising in trading wood pellets as a source of renewable energy, a venture it said was a world first.

Dutch-Belgian energy market provider APX-Endex launched a "biomass exchange" Thursday specialising in trading wood pellets as a source of renewable energy, a venture it said was a world first.

"The first biomass exchange in the world has officially been opened," Eric-Jan Hadderingh, spokesman for APX-Endex, told AFP.

"APX-Endex decided to be the first exchange in the world to launch exchange-traded certified wood pellet contracts," in Amsterdam, an APX-Endex statement added.

Operating as a regular exchange, but only open on Monday and Thursday afternoons, its owners hope to attract a dozen firms, including "large energy companies" to trade on its floor, APX-Endex said.

"We had already in 2008 launched an index for wood pellets but there was a demand for a place of real trade," Hadderingh said, pointing out that biomass was a growth market.

The venture has the backing of Europe's largest port, Rotterdam, which helped with its development and will serve as a biomass storage facility until it can be transported to processing plants.

Environmental group said the export of wooden pellets from Canada to Europe increased 700 percent in less than eight years.

Biomass is the term used for organic including wood cuttings and pellets and , processed to produce energy considered to be "carbon neutral" in emissions.

But Greenpeace warned in a report Wednesday that burning on a large scale was actually more polluting than petrol or coal.

Explore further: Idle Farmlands Could Become Profitable Carbon Storage Banks

Related Stories

Idle Farmlands Could Become Profitable Carbon Storage Banks

October 23, 2008

(PhysOrg.com) -- Michigan's recently enacted renewable energy portfolio legislation sets new requirements for green energy production in the State. Michigan policymakers believe energy plantations could be a major source ...

Motorola Now Shipping APX Multi-band Two-Way Radios

August 7, 2009

Motorola is now shipping APX 7000 two-way radios, enabling instant multi-agency interoperability for mission critical first responders. The industry’s first Project 25 (P25) multi-band (700/800 MHz and VHF) subscriber family, ...

Recommended for you

How to curb emissions? Put a price on carbon

September 3, 2015

Literally putting a price on carbon pollution and other greenhouse gasses is the best approach for nurturing the rapid growth of renewable energy and reducing emissions.

Magnetic fields provide a new way to communicate wirelessly

September 1, 2015

Electrical engineers at the University of California, San Diego demonstrated a new wireless communication technique that works by sending magnetic signals through the human body. The new technology could offer a lower power ...

For these 'cyborgs', keys are so yesterday

September 4, 2015

Punching in security codes to deactivate the alarm at his store became a thing of the past for Jowan Oesterlund when he implanted a chip into his hand about 18 months ago.

2 comments

Adjust slider to filter visible comments by rank

Display comments: newest first

astro_optics
1 / 5 (1) Nov 04, 2011
sound to me like a TAX dodge!
Vendicar_Decarian
not rated yet Nov 04, 2011
Listen to Greenpeace. They are almost always right, and quite right in this instance.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.