ShippingWatch

Boom in biomass exports

The exports of biomass from the United States to Europe in the shape of pellets have increased by 70 percent from the third quarter of 2011 to the third quarter of 2012. Exports may grow even bigger and benefit bulk carriers such as the Danish Lauritzen when e.g. Dong Energy, the Danish state-owned utility company, will most likely increase its imports of biomass significantly.

Photo: Rederiforeningen

During the third quarter of 2012, 860,000 tons of pellets left the US for Europe according to recent figures from Wood Resources International (WRI) which is an increase of 70 percent compared to the year before. The increase in exports is caused by a far higher production in the US and Canada, TradeWinds reports.

WRI expects that the growth in the exports of biomass will continue. Especially as a result of demand from European power plants and energy companies, such as Dong, looking to switch from coal to biomass in its power plants and thereby create demand for wood from the South Eastern parts of the US.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Related articles

Latest news

See all jobs