First renewable energy exchange opens in Amsterdam

Nov 03, 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: Morocco raises 1.7 bn euros for solar plants

add to favorites email to friend print save as pdf

Related Stories

Idle Farmlands Could Become Profitable Carbon Storage Banks

Oct 23, 2008

( -- 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

Aug 07, 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) ...

Recommended for you

The state of shale

11 hours ago

University of Pittsburgh researchers have shared their findings from three studies related to shale gas in a recent special issue of the journal Energy Technology, edited by Götz Veser, the Nickolas A. DeCecco Professor of Che ...

Website shines light on renewable energy resources

Dec 18, 2014

A team from the University of Arizona and eight southwestern electric utility companies have built a pioneering web portal that provides insight into renewable energy sources and how they contribute to the ...

Better software cuts computer energy use

Dec 18, 2014

An EU research project is developing tools to help software engineers create energy-efficient code, which could reduce electricity consumption at data centres by up to 50% and improve battery life in smart ...

Cook farm waste into energy

Dec 17, 2014

It takes some cooking, but turning farm waste into biofuels is now possible and makes economic sense, according to preliminary research from the University of Guelph.

User comments : 2

Adjust slider to filter visible comments by rank

Display comments: newest first

1 / 5 (1) Nov 04, 2011
sound to me like a TAX dodge!
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.