Global Wood Pellet Demand To Reach 50 Million Tons By 2024

Global wood pellet demand is rapidly expanding as consumers, businesses and regulators look for alternatives to fossil fuels. Globally, wood pellet demand is projected to grow from an estimated 23 million tons in 2014 to 50 million tons in 2024. These and other key findings were released today in a new study by RISI, the […]

Global wood pellet demand is rapidly expanding as consumers, businesses and regulators look for alternatives to fossil fuels. Globally, wood pellet demand is projected to grow from an estimated 23 million tons in 2014 to 50 million tons in 2024.

These and other key findings were released today in a new study by RISI, the leading information provider for the global forest products industry.

“It’s a really exciting time to be looking at the wood pellet market. We’re seeing strong demand in the European heating sector as high energy prices drive consumers to look for fuel alternatives. Also, policies that promote the generation of renewable energy are spurring the use of pellets as a substitution for coal in power plants,” said Seth Walker, Author and Bioenergy Economist at RISI.

“Additionally, Korea and Japan are beginning to enter the market, creating a greater impact on global trade flows. Right now we’re getting a small taste of what the market is going to look like in 10 years,” continued Walker.

Global Pellet Demand Outlook Study analyzes and forecasts growing wood pellet markets through 2024 by region. This study focuses on the European industrial market, European heating market, North American heating market, and Asian industrial market.

From Sys-Con Media: http://www.sys-con.com/node/3169063

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

POST A COMMENT

Your email is never published nor shared. Required fields are marked *

*
*

Subscribe

Looking to subscribe to Wood Bioenergy magazine? It's simple, just follow the link to our online subscription form and complete the required fields and submit. If you'd rather talk to a real live human being, feel free to give us a call at (800) 669.5613'

Contact

To contact Wood Bioenergy magazine, either call (334) 834-1170 or email us at [email protected]

TAG CLOUD