Global pellet market expected to double in next seven years

Thursday, April 3, 2014

The global market for pellets is expected to reach $9 billion by 2020, more than doubling the current $4 billion market.  Michele Rebiere, from Viridis Energy Inc., said that the largest market by far is the European market with 20 million metric tons used n 2013. 

Seth Ginther, executive director of the U.S. Industrial Pellet Association, notes that incentives for biomass conversions are aimed at helping develop infrastructure.  As the price of carbon increases, making it more expensive to burn coal, UK power producers are expected to continue to move towards biomass.