Event focuses on export potential, sustainability
The U.S. Industrial Pellet Association’s 3rd Annual Exporting Pellets Conference opened Oct. 28 with a blend of optimism and measured pragmatism. The event offered a venue for those in the North American pellet industry to discuss a variety of topics pertinent to their expanding industry, including increasing demand, sustainability requirements and growing pains. More than 500 attendees registered for the event, which was held in Miami.
John Bingham, an agricultural economist from U.K.-based Hawkins Wright, noted that wood pellet demand grew at an average annual rate of 23 percent from 2000 through 2013, with demand currently reaching 10 million metric tons per year. Moving forward, Bingham said he sees a market opportunity for nearly 27 million tons of consumption worldwide by 2020, with nearly 20 million of that volume going to Europe.