Baltpool opens for digital biomass trading in Denmark
As announced in December 2020, the Lithuanian-state-owned digital biomass trading platform Baltpool has now commenced operations in Denmark under its own BALTPOOL brand. According to the company, having a direct presence in Denmark could lower biomass prices by up to 30 percent for both district heating and power suppliers as well as private homes.
According to Baltpool, the import of solid biomass is steadily increasing in Denmark and made up 64 percent of renewable energy used in Denmark in 2018, primarily in district heating and power. Furthermore, approximately 70 percent of the imported biomass comes from the Baltic States and Poland.
With now a direct presence in Denmark, Baltpool provides Danish market participants with a one-click option to trade woodchips and pellets with convenient online access to the markets of these neighbouring countries.
Baltpool has shown in other markets to drive down prices of biomass significantly as trading is based on auctions and is anonymous. Competition during the auction reduces the purchase price of the biomass fuels.
It has already turned into a key instrument for liquid and competitive biomass market transactions in Lithuania, Latvia, Estonia, Poland, Sweden, and Finland lowering prices up to 30 percent in the Baltic States.
Biomass is increasingly seen as an important element for the switch away from fossil fuels across the region. Therefore, we are committed to providing Danish buyers and sellers of biomass standard trade and delivery options, proper risk management tools, and comparative information on price levels at home and abroad in our pursuit to become a natural foundation for a sound business that serves to the benefit of all parties involved, said Andrius Smaliukas, CEO of Baltpool.