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LVM begins supplying an additional volume of energy chips to heat supply companies

JSC “Latvijas valsts meži” (LVM) begins to supply an additional volume of energy wood chips to Latvian heat supply companies, informs LVM the LETA agency.

At the same time, LVM specifies that in 2022/2023 it is expected to reach the historically highest production and sales volumes of energy chips, offering on the market about 800,000 cubic meters, or about 650,000 megawatt hours, of a product suitable for energy production.

Ojārs Keziks, LVM’s Energy Wood Products Manager, explains that “in the current market situation, when demand for wood chips has grown rapidly, it is important to take advantage of every opportunity to maximize wood energy production volumes. LVM produces energy wood chips from biomass. of trees – as well as from the felling residues, such as branches, tops, prunings, saplings, needles, both from the growth and from the small wood that remains in the forest after having collected the growth of roadsides and ditches and having cared for the young trees. “

Currently, LVM supplies all the energy chips it produces only to local wood processing and power generation companies.

According to data from the Latvian Statistical Institute, Latvia consumed 8.9 million cubic meters of wood chips in 2021, 13% more than the previous year, while 2.3 million cubic meters were exported. similar to that of 2020.

LETA has already reported that in response to the growing demand for wood resources used for thermal energy production, LVM began selling an additional volume of energy wood chips in June, offering to purchase 150,000 cubic meters of energy wood chips for a volume of 130,000 megawatt hours throughout the territory of Latvia.

The sole owner of LVM is the State, while the shareholder is the Ministry of Agriculture. LVM manages state-owned forest land and is the second largest state-owned company by turnover.

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