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Ellex Assists with Establishment of First Biofuel Exchange in Denmark

Ellex Assists with Establishment of First Biofuel Exchange in Denmark

Lithuania
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Ellex has consulted Baltpool, the Lithuanian Energy Exchange operator, on launching the BiomassPool Aps biofuel exchange in Denmark with Kenneth Lykkedal, a Danish energy entrepreneur.

As reported by Baltpool, Denmark consumes approximately 4 million tonnes of wood-chips (twice as much as in Lithuania) and 1.5 million tonnes of straw annually, and the Danish biomass market is expected to grow by an additional 50% in the near future. The Baltic States are among the key biomass suppliers in the Danish market, and Lithuanian companies are therefore expected to become active participants of the Danish biomass exchange.

The Ellex team consisted of Partner Vytautas Mizaras and Junior Associate Arminas Magyla.