{"id":80371,"date":"2021-02-23T06:36:12","date_gmt":"2021-02-23T06:36:12","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/outlook-global-wood-pellet-markets-2021\/"},"modified":"2025-09-19T08:54:48","modified_gmt":"2025-09-19T08:54:48","slug":"outlook-global-wood-pellet-markets-2021","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/outlook-global-wood-pellet-markets-2021\/","title":{"rendered":"Outlook for the global wood pellet markets in 2021"},"content":{"rendered":"

After 2023 there is limited future growth forecast in the industrial wood pellet market. Europe and the UK will have reached the limits of the current policy support in 2023. It is even possible that some support in the UK and western Europe will expire in the late 2020s, causing demand to fall. Japan\u2019s growth in pellet demand will continue for a few more years.<\/h4>\n

But most of Japan\u2019s feed-in-tariff (FiT)-supported independent power producer (IPP) projects are expected to be up and running by the end of 2024. South Korea has potential for higher demand, but the collapse of renewable energy certificates (REC) prices and changes in REC weightings have depressed pellet demand and thrown great uncertainty into how support for pellet fuel as a substitute for coal will evolve.<\/p>\n

\"\"<\/a>\u00a0\"\"<\/a><\/p>\n

However, even under the \u201ccurrent policy\u201d scenario, there is still growth expected. The forecast is for an additional 6.8 million tonnes per year of demand in 2027 compared to 2020 demand levels, with most of that new demand to be online by the end of 2023.<\/p>\n

Demand history<\/h4>\n

Before discussing the evolving policy scenarios, a look at Figures 3, 4 and 5 show some detail on demand history in three major importing countries: Japan, the UK, and South Korea. The only major pellet importing country of the three that is showing strong growth is Japan.<\/p>\n

The increasing negative impacts of climate change are likely to motivate policies that will support the use of industrial wood pellets for power generation.<\/p>\n

Evolving policy forecast<\/h4>\n

Under the \u201cevolving policy\u201d scenario, it is expected that Japan will have policy that will support co-firing, and perhaps a few full conversions to pellets, at major utility power stations. The Japanese government has set goals for how power is generated that, under most scenarios, will require that some portion of the coal in large utility power plants is replaced with industrial wood pellets. The government has also set minimum efficiency standards that low-efficiency power stations can meet by co-firing.<\/p>\n

\"\"<\/a>\"\"<\/a><\/p>\n

Forecasting the quantity of pellets that Japanese utilities will demand requires a number of assumptions. However, based on those power stations that are likely to use pellets to meet minimum efficiency requirements and expectations that pellets will be part of the strategy for compliance for CO2 emissions goals,\u00a0 an additional five million tonnes per year of demand is expected by 2027.<\/p>\n

This pushes total new demand in 2027 compared to 2020 to 11.9 million tonnes per year.<\/p>\n

But, there is another likely \u201cevolving policy\u201d that includes the United States, Germany, and Canada that pushes potential demand in 2027 higher.<\/p>\n

The United States, under the new Biden administration, is expected to pursue aggressive policies aimed at fighting climate change. The U.S. could be using 5.2 million metric tonnes (or more) per year of industrial wood pellets in U.S. power stations by 2027.<\/p>\n

\"\"<\/a>\"\"<\/a><\/p>\n

Some work is to be done to familiarize U.S. policymakers about the efficacy of a strategy that has proven itself to be a relatively low-cost, on-demand, quick-to-deploy, and low-carbon source of power in other jurisdictions.<\/p>\n

Meanwhile, there is evolving policy in Germany that may facilitate the substitution of industrial pellets for coal in power stations6. Germany is also a major producer of wood pellets. While estimates of actual future consumption are difficult, based on CO2 emissions goals, goals to phase out coal, and continuing policy discussions, it is more likely that not that Germany\u2019s demand could equal or exceed 3.2 million tonnes per year by 2027. This amount represents about 815 MW\u2019s of generation capacity.<\/p>\n

There is also potential in Canada. The combination of a carbon tax and a mandated coal phase out suggests that a few of the newer coal plants would benefit from using to pellets. Capital Power\u2019s Genesee #3 516 MW coal powered unit in Alberta, commissioned in 2005, is converting to natural gas. But, according to Capital Power, the plant will retain \u201cdual fuel\u201d capabilities. The newer 463 MW Keephills #3 unit also in Alberta, commissioned in 2011 and owned by TransAlta, would consume about 1.8 million tonnes per year if it were fully converted from coal to pellets.<\/p>\n

\"\"<\/a>At this time, neither Capital Power nor TransAlta have plans to use wood pellets in those station. TransAlta has stated the Keephills #3 will continue to use coal. If that plant used wood pellets produced near its location in Alberta, then, in combination with carbon capture and storage (CCS), Canada\u2019s net CO2 emissions would be at least a negative 850 kilograms per megawatt-hour of power generated8. In other words, baseload power would be generated while lowering atmospheric CO2 levels.<\/p>\n

There are other Canadian coal stations9\u00a0that could make the transition with relative ease. While forecasting demand depends on many variables, it is possible that Canada could be using 2.1 million tonnes per year by 2027. Ontario Power Generation\u2019s 205 MW Atikokan, Ont., station already runs on 100 per cent pellet fuel.<\/p>\n

Doubling demand<\/h4>\n

There are other locations in the world that may adopt a pellet fuel strategy for the power sector. But, with just those discussed above, it is quite feasible that industrial wood pellet demand will essentially double from 2020 to 2027. If these \u201cevolving policy\u201d scenarios occur, pellet demand in 2027 would be 40.8 million tonnes per year.<\/p>\n

Climate change\u2019s increasingly costly consequences will influence how policy evolves. Using industrial wood pellets to help create a dependable on-demand and efficient low-carbon power sector will be part of the pragmatic and rational off-ramp to a decarbonized future.<\/p>","protected":false},"excerpt":{"rendered":"

After 2023 there is limited future growth forecast in the industrial wood pellet market. Europe and the UK will have reached the limits of the current policy support in 2023. It is even possible that some support in the UK … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":59457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716,4715],"tags":[3350,3351,4030,3286,3283],"class_list":["post-80371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends","category-market-analysis","tag-global","tag-market","tag-outlook","tag-prices","tag-wood-pellets","topic-wood-energy","area-asia-middle-east","area-europe","area-north-america","area-russia"],"acf":[],"yoast_head":"\nOutlook for the global wood pellet markets in 2021 - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/outlook-global-wood-pellet-markets-2021\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Outlook for the global wood pellet markets in 2021 - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"After 2023 there is limited future growth forecast in the industrial wood pellet market. Europe and the UK will have reached the limits of the current policy support in 2023. It is even possible that some support in the UK … Continue reading →\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.timberindustrynews.com\/ro\/outlook-global-wood-pellet-markets-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Timber Industry News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-23T06:36:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-19T08:54:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/ClarksonUniversityPellets_15108785403785-1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"GWMI Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Scris de\" \/>\n\t<meta name=\"twitter:data1\" content=\"GWMI Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Timp estimat pentru citire\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/\"},\"author\":{\"name\":\"GWMI Admin\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/135a1ae8119d1d1755135add5b7287ff\"},\"headline\":\"Outlook for the global wood pellet markets in 2021\",\"datePublished\":\"2021-02-23T06:36:12+00:00\",\"dateModified\":\"2025-09-19T08:54:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/\"},\"wordCount\":897,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/ClarksonUniversityPellets_15108785403785-1-1.jpg\",\"keywords\":[\"Global\",\"market\",\"outlook\",\"prices\",\"wood pellets\"],\"articleSection\":[\"Latest Trends\",\"Market Analysis\"],\"inLanguage\":\"ro-RO\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/\",\"url\":\"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/\",\"name\":\"Outlook for the global wood pellet markets in 2021 - Timber Industry News\",\"isPartOf\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/ClarksonUniversityPellets_15108785403785-1-1.jpg\",\"datePublished\":\"2021-02-23T06:36:12+00:00\",\"dateModified\":\"2025-09-19T08:54:48+00:00\",\"inLanguage\":\"ro-RO\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ro-RO\",\"@id\":\"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/#primaryimage\",\"url\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/ClarksonUniversityPellets_15108785403785-1-1.jpg\",\"contentUrl\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/ClarksonUniversityPellets_15108785403785-1-1.jpg\",\"width\":600,\"height\":400},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#website\",\"url\":\"https:\/\/www.timberindustrynews.com\/\",\"name\":\"Timber Industry News\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.timberindustrynews.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ro-RO\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#organization\",\"name\":\"Timber Industry News\",\"url\":\"https:\/\/www.timberindustrynews.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ro-RO\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2022\/06\/logo_color.svg\",\"contentUrl\":\"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2022\/06\/logo_color.svg\",\"width\":150,\"height\":57,\"caption\":\"Timber Industry News\"},\"image\":{\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/135a1ae8119d1d1755135add5b7287ff\",\"name\":\"GWMI Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ro-RO\",\"@id\":\"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7e3f366983e368f37c12ad29c07423641931b311f2561bc3cb4b4eaf6f44c3cb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7e3f366983e368f37c12ad29c07423641931b311f2561bc3cb4b4eaf6f44c3cb?s=96&d=mm&r=g\",\"caption\":\"GWMI Admin\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Outlook for the global wood pellet markets in 2021 - Timber Industry News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.timberindustrynews.com\/ro\/outlook-global-wood-pellet-markets-2021\/","og_locale":"ro_RO","og_type":"article","og_title":"Outlook for the global wood pellet markets in 2021 - Timber Industry News","og_description":"After 2023 there is limited future growth forecast in the industrial wood pellet market. Europe and the UK will have reached the limits of the current policy support in 2023. It is even possible that some support in the UK … Continue reading →","og_url":"https:\/\/www.timberindustrynews.com\/ro\/outlook-global-wood-pellet-markets-2021\/","og_site_name":"Timber Industry News","article_published_time":"2021-02-23T06:36:12+00:00","article_modified_time":"2025-09-19T08:54:48+00:00","og_image":[{"width":600,"height":400,"url":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/ClarksonUniversityPellets_15108785403785-1-1.jpg","type":"image\/jpeg"}],"author":"GWMI Admin","twitter_card":"summary_large_image","twitter_misc":{"Scris de":"GWMI Admin","Timp estimat pentru citire":"4 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/#article","isPartOf":{"@id":"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/"},"author":{"name":"GWMI Admin","@id":"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/135a1ae8119d1d1755135add5b7287ff"},"headline":"Outlook for the global wood pellet markets in 2021","datePublished":"2021-02-23T06:36:12+00:00","dateModified":"2025-09-19T08:54:48+00:00","mainEntityOfPage":{"@id":"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/"},"wordCount":897,"commentCount":0,"publisher":{"@id":"https:\/\/www.timberindustrynews.com\/#organization"},"image":{"@id":"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/ClarksonUniversityPellets_15108785403785-1-1.jpg","keywords":["Global","market","outlook","prices","wood pellets"],"articleSection":["Latest Trends","Market Analysis"],"inLanguage":"ro-RO","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/","url":"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/","name":"Outlook for the global wood pellet markets in 2021 - Timber Industry News","isPartOf":{"@id":"https:\/\/www.timberindustrynews.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/#primaryimage"},"image":{"@id":"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/ClarksonUniversityPellets_15108785403785-1-1.jpg","datePublished":"2021-02-23T06:36:12+00:00","dateModified":"2025-09-19T08:54:48+00:00","inLanguage":"ro-RO","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/"]}]},{"@type":"ImageObject","inLanguage":"ro-RO","@id":"https:\/\/www.timberindustrynews.com\/outlook-global-wood-pellet-markets-2021\/#primaryimage","url":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/ClarksonUniversityPellets_15108785403785-1-1.jpg","contentUrl":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2025\/09\/ClarksonUniversityPellets_15108785403785-1-1.jpg","width":600,"height":400},{"@type":"WebSite","@id":"https:\/\/www.timberindustrynews.com\/#website","url":"https:\/\/www.timberindustrynews.com\/","name":"\u0218tiri din industria lemnului","description":"","publisher":{"@id":"https:\/\/www.timberindustrynews.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.timberindustrynews.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ro-RO"},{"@type":"Organization","@id":"https:\/\/www.timberindustrynews.com\/#organization","name":"\u0218tiri din industria lemnului","url":"https:\/\/www.timberindustrynews.com\/","logo":{"@type":"ImageObject","inLanguage":"ro-RO","@id":"https:\/\/www.timberindustrynews.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2022\/06\/logo_color.svg","contentUrl":"https:\/\/www.timberindustrynews.com\/wp-content\/uploads\/2022\/06\/logo_color.svg","width":150,"height":57,"caption":"Timber Industry News"},"image":{"@id":"https:\/\/www.timberindustrynews.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/135a1ae8119d1d1755135add5b7287ff","name":"GWMI Admin","image":{"@type":"ImageObject","inLanguage":"ro-RO","@id":"https:\/\/www.timberindustrynews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7e3f366983e368f37c12ad29c07423641931b311f2561bc3cb4b4eaf6f44c3cb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7e3f366983e368f37c12ad29c07423641931b311f2561bc3cb4b4eaf6f44c3cb?s=96&d=mm&r=g","caption":"GWMI Admin"}}]}},"_links":{"self":[{"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/posts\/80371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/comments?post=80371"}],"version-history":[{"count":0,"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/posts\/80371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/media\/59457"}],"wp:attachment":[{"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/media?parent=80371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/categories?post=80371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.timberindustrynews.com\/ro\/wp-json\/wp\/v2\/tags?post=80371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}