Wood pellet capacity continues to expand in N. America

Wood pellet capacity continues to expand in N. America
    Global wood pellet demand continues to soar, with tight market conditions likely to spur significant investments in new production facilities around the world. Demand growth from 2020-’21 outpaced supply growth by approx. 10% (18.2% versus 8.4%, respectively), according to market intelligence firm Hawkins Wright, a trend that is likely to continue. Global demand in 2021 was approx. 45 million metric tons (MT), with an additional 5 million MT in additional demand expected in 2022.    As for pellet production capacity in the U.S. and Canada, 2022 included approx. 12 ...

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