First renewable energy exchange opens in Amsterdam

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.


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(c) 2011 AFP

Citation: First renewable energy exchange opens in Amsterdam (2011, November 3) retrieved 23 September 2019 from https://phys.org/news/2011-11-renewable-energy-exchange-amsterdam.html
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Nov 04, 2011
sound to me like a TAX dodge!

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