The forecasted growth in wood pellet production in Europe will increase competition for wood fiber and require new feedstock sources
Europe’s pellet industry is the largest in the world and is expected to continue to grow strongly, at least until 2025. The key factors driving this increase include: · EU has ambitious and rising targets for renewable energy supply, · Biomass will play an important role in meeting those targets, · Pellets offer several advantages over other forms of biomass in many applications. Pellet demand is likely to grow by 30-40% over the next five years, and depending on how imports develop, European production might need to increase by up to ten million tons. Europe represents