Pellet exports from the two primary pellet-producing regions on the North American continent – the US South and British Columbia – showed no signs of slowing in early 2013, with the rate of growth likely to accelerate in the second half of the year.
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.