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Currently, sawmill residues make up 85% of the mix for wood pellet production in Europe, according to a new report from the Wood Resource Institute.
BOTHELL, Wash. – Europe’s demand for wood pellet is expected to increase by 30 to 40 percent over the next five years, according to a new report released by Wood Resources International (WRI).
This bodes well for U.S. and Canadian wood pellet manufacturers like Enviva Partners, Drax, which recently acquired Pinnacle Renewable Energy, and other companies who largely export their products to Europe and Asia.
WRI says Europe represents about 75% of global pellet demand. European nations’ use of pellets includes residential heating, 40%; power plants, 36%; commercial heating, 14%; and combined heat and power plants, 10%. Demand is strong in both the industrial and residential sectors and is likely to continue even beyond 2025 for several reasons. They include:
Press Release – Wood Resources International The Global Sawlog Price Index rose 8% in the 4Q/20 as demand for logs was up in North America and Europe Both of the WRIs sawlog price indices (Global and European) jumped 8% q-o-q in the 4Q/20 as log prices increased worldwide. Demand for logs improved …
The Global Sawlog Price Index rose 8% in the 4Q/20 as demand for logs was up in North America and Europe
Both of the WRI’s sawlog price indices (Global and European) jumped 8% q-o-q in the 4Q/20 as log prices increased worldwide. Demand for logs improved when lumber consumption increased in the second half of 2020, particularly in the United States, the United Kingdom, South Korea, and the MENA region. In Europe, the lumber market was generally flat, with only minor changes in domestic demand. However, European countries with high levels of lumber exports to non-European countries were in luck. Record setting lumber prices in the US helped drive increased shipments to higher lev
Tuesday, 20 April 2021, 4:54 pm
The Global Sawlog Price Index rose 8% in the 4Q/20 as
demand for logs was up in North America and
Europe
Both of the WRI’s sawlog price indices
(Global and European) jumped 8% q-o-q in the 4Q/20 as log
prices increased worldwide. Demand for logs improved when
lumber consumption increased in the second half of 2020,
particularly in the United States, the United Kingdom, South
Korea, and the MENA region. In Europe, the lumber market was
generally flat, with only minor changes in domestic demand.
However, European countries with high levels of lumber
exports to non-European countries were in luck. Record
Europes's pellet industry is expected to show strong growth through to at least 2025, according to Wood Resources International. Factors said to drive the
The forecasted growth in wood pellet production in Europe will increase competition for wood fiber and require new feedstock sources prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.