North American wood pellet exports up in 2012
A report published by the North American Wood Fiber Review shows that wood pellet exports in North America were up 70 percent during the third quarter of 2012. The increase is largely attributed to increased pellet production in British Columbia and the southern region of the U.S. According to the report, production reached a record high of 860,000 during the quarter.
North American production is expected to continue to grow, particularly in the southern U.S., where several companies have announced plans to developed additional pellet production capacity. The report also points out that while exports grew in both the U.S. and Canada, the U.S. experienced more substantial growth.