European wood pellet boom in store
The use of wood pellets at the European combined heating and power plants faces more than a doubling over the next five years. Almost half of this volume will be imported from North America.
BY MATHIAS ØRSBORG JOHANSEN
While European combined heating and power (CHP) plants are in the midst of a conversion to green energy, an increasing number of European energy consumers will have to get their heat from wood pellets, and this bodes well for the dry bulk carriers that have entered this market.
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