ABSTRACT
Estimates vary, but they suggest that as many as 8 million tons of wood pellets were produced in Europe during 2008, while in North America a further 2 million tons were manufactured. At the cheapest sale price of €100 a ton, wood pellets can be conservatively estimated as a €1 billion global market. Although wood pellet stoves and small-scale boiler technologies are used in all markets, it is larger-scale use, mainly in power stations, that has dominated the industry's growth in Scandinavia and North America. But as the market matures, even in these countries, the domestic sector is also establishing itself as significant.
