European demand to drive production of wood pellets

• By TED GRIGGS
• Advocate business writer
• Published: Apr 23, 2010 –

European Union demand for wooden pellets will continue to drive U.S. production but will also limit the industry’s profitability, according to the head of a bioenergy, wood and forest products consulting firm.

“The pellet business is marginal,” said Pete Stewart, president and chief executive officer of Forest2Market, based in Charlotte, N.C. “The Europeans know how much it costs to produce pellets, and they’re not going to pay more.”

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