During the last two years, global wood pellet production increased from about nine million tonnes to some 15-16 million tonnes, while apparent consumption expanded from about nine million to 13 million tonnes.
In 2010, estimated global wood pellet production exceeded estimated consumption by about two to three million tonnes, while global pellet production capacity exceeded consumption by around seven to eight million tonnes (including new production facilities under construction but not operating).
As a result of global wood pellet supply significantly exceeding demand during the last two to three years, industrial wood pellet prices in Europe have been flat to decreasing slightly on a euro basis. Prices increased from €115/tonne in July 2007 to €140/tonne at the beginning of 2009. Since then, they have declined to a low of €125/tonne at the end of 2010, and have increased slightly to €133/tonne at the end of 2011.
Viridis Energy Inc. of Vancouver has purchased Enligna Canada Inc. wood pellet plant in Musquodoboit Valley, Nova Scotia.
The purchase is subject to court approval because Enlinga Canada is in receivership. The plant has been closed since August, 2011.
The assets to be acquired include 20 buildings on four properties with a total of 157 acres and a separate 22 acre wood lot. The facilities houses five pellet presses with the capacity to produce 110,000 tonnes of wood pellets annually.
RusForest's Board has signed a tender letter to Clean Tech East regarding an acquisition of all shares in Clean Tech East's wholly owned subsidiaries EBH and BEN - which together form Clean Tech East's Biomass Fuels business segment, whose business is to manufacture and sell wood pellets. The proposed acquisition is, amongst other things, conditional upon approval by an Extraordinary General Meeting in Clean Tech East to be held on 9 December 2011.
A new school being constructed in Fredericton, New Brunswick will be the first in the province to be heated with wood pellets.
The school will be equipped with a wood pellet fired hot water boiler.
The hot water boiler plant will use wood pellets as the base fuel while automatic controls will engage natural gas boilers to provide extra heat during extreme weather conditions. The 500 kw boiler will use about 300 tonnes of pellets annually.
BEDFORD, MA, Aug. 8, 2011 (RISI) - As European countries push forward to meet renewable energy goals of 20% by 2020, demand for imported biomass -- specifically, wood pellets -- will rise. Commercial scale pellet manufacturing is growing quickly in North America to meet this demand, especially in the southeastern USA.
Biomass Secure Power Inc.has announced a Project start date of July 1st 2011 for the construction of their first 500,000 tonne/yr whitewood pellet plant has been accepted by its Board of Directors.
The engineering and construction program anticipates breaking ground at Plant one on 1st October 2011. Start-up and commissioning is scheduled to commence in September 2012. Gross revenue from this plant is projected at $75 million per year.
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Wood pellet exports from the US and Canada to Europe reached 1.6 million tons in 2010, a doubling of shipments in just two years, reports the North American Wood Fiber Review
Over the past two years, North America has become a major supplier of wood pellets to Europe. In 2010, an estimated 1.6 million tons of pellets were shipped from the US and Canada to the Netherlands, the UK and Belgium, according to the North American Wood Fiber Review. This is a doubling of volume compared to 2008.