wood pellets

Woodworking Industry News

Wood pellet industry expected to reach $29B in 2027

The Global Wood Pellet market was valued at $11.622 billion in 2020 and is expected to grow at a CAGR of 14.49% over the forecast period to reach a total market size of $29.964 billion in 2027. Wood pellets are renewable energy carriers. These are produced from sawdust or other ground woody materials. According to international standards, product requirements for energy density, moisture, abrasion resistance, particle size, and shape for wood pellets are defined, turning wood pellets into a commodity.

Canadian News

Canfor closing mills and pellet plant as it restructures operations to 'create a more sustainable footprint'

VANCOUVER, Canada -- Canfor Corp. is closing one sawmill and pellet plant and temporarily closing a second sawmill. The actions will affect nearly 500 workers, and remove approximately 750 million board feet of annual production capacity. The announcement comes just weeks after the company announced it will permanently shut down its pulp mill in Prince George. Canfor is rationalizing its sawmill and pulp mill operations in B.C. to align with a shrinking fiber supply.