Wood pellet exports from the US and Canada to Europe reached a record high
Wood pellet exports from the US and Canada to Europe reached arecord high in the 4Q/11 thanks to increased demand in the United Kingdom, reports the North American Wood FiberReview
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.
BEDFORD, MA, Aug. 8, 2011 (RISI) - As European countries push forward to meet renewable energy goals of 20% by 2020, demand for imported biomass -- specifically, wood pellets -- will rise.
Biomass Secure Power announces approval of new pellet plant in B.C.
Biomass Secure Power Inc.has announced a Project start date of July 1st 2011 for the construction of their first 500,000 tonne/yr whitewood pellet plant has been accepted by its Board of Directors.
