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January 8, 2020

2020 wood pellet market forecast: European pellet demand to outpace supply

2020 wood pellet market forecast: European pellet demand to outpace supply

The biomass market faces unprecedented demand levels in 2020, with upcoming base-load power generation capacity due to add around another 4.4mn t/yr of European wood pellet demand by the end of the year.

Pellet production projects are not growing at the same rate, pointing to an inevitable shortfall in supply.

Significant new base-load demand in 2020 will come from the Netherlands, where four substantial biomass co-firing projects began firing in the past year.

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