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APX-Endex to Offer Wood-Pellet Trading Starting Next Quarter

APX-Endex Holding BV, the Amsterdam-based energy-exchange company, plans to offer biomass trading starting next quarter as utilities seek alternatives to fossil fuels to burn at power stations.

APX-Endex, whose spot power and gas volumes were worth about 5 billion euros ($7 billion) last year, will offer wood pellets contracts, with physical settlement to be arranged between counterparties based on their existing trade agreements, Chief Operating Officer Pieter Schuurs said yesterday at a presentation in London.