North American pellet grew almost triple the growth rate of European production
During the last two years, global wood pellet production increased from about nine million tonnes to some 15-16 million tonnes, while apparent consumption expanded from about nine million to 13 million tonnes.
As a result of global wood pellet supply significantly exceeding demand during the last two to three years, industrial wood pellet prices in Europe have been flat to decreasing slightly on a euro basis. Prices increased from €115/tonne in July 2007 to €140/tonne at the beginning of 2009.
RusForest intends to acquire Clean Tech East Holding’s pellet business
RusForest's Board has signed a tender letter to Clean Tech East regarding an acquisition of all shares in Clean Tech East's wholly owned subsidiaries EBH and BEN - which together form Clean Tech East's Biomass Fuels business segment, whose business is to manufacture and sell wood pellets.