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Tim Portz

March 4, 2024

BY Tim Portz

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Evaluating Growing Markets

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By Katie Schroeder

May 11, 2026

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Pellet Mill Magazine examines the potential of several growing markets.

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Hawaii lawmakers on May 6 approved legislation to create a clean fuel standard (CFS) that aims to reduce the CI of transportation fuels by at lease 50% below 2019 levels by 2045. The bill will now be considered by Hawaii Gov. Josh Green.

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U.S. manufacturers produced approximately 900,000 tons of densified biomass fuel in December, according to the U.S. EIA’s Monthly Densified Biomass Fuels Report. Sales of densified biomass fuel reached 970,000 tons during the month.

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The European Commission in April approved a delegated regulation to update the methodology and data for high-ILUC risk biofuels. The change, if formally adopted, would phase out the use of soybean oil as a biofuel feedstock in the EU by 2030.

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The U.S. exported more than 1.1 million metric tons of wood pellets in March, up from 608,572.1 metric tons in February and 781,576.4 metric tons in March 2025, according to data released by the USDA Foreign Agricultural Service on May 5.

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