The panel confirmed that it had received a full package of documents required to issue the license.
Baltpool, the exchange operator majority-owned by the state-controlled electricity transmission system operator Litgrid, plans to launch a biofuel exchange next week.
The exchange will trade in wood chips and trading will take place anonymously in eight zones following the auction model. The members will include heat and electricity producers as well as biofuel producers.
Lithuania‘s Seimas (parliament) endorsed the establishment of the biofuel exchange late in May. Bionovus, the biofuel supply company controlled by Icor concern, currently holds the largest share of domestic biofuel market.
