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 growth include ambitious and rising targets for renewable energy supply in the European Union, the important role biomass plays in meeting those targets, and the advantages pellets provide over other forms of biomass in several applications.
About 75 per cent of the global demand for pellets comes from Europe. Pellets are used for residential heating, power plants, commercial heating, and combined heat and power plants.
According to a recent study, called European Wood Pellets – Where will the raw-material come from?, the increase in wood pellet consumption will put pressure on raw material markets in Europe and require new sources such as forest residues, recovered wood and energy crops.