Wood pellets are produced using finely ground wood bark and majorly used as a fuel. These are extensively used in residential houses for efficient burning in smaller stoves. Wood pellets are produced from numerous wood waste products and considered as a source of renewable energy. Currently, along with residential heating, there is an increased use of wood pellets market for power generation across the globe. These are largely utilized globally as fuel which is also expected to increase the demand for wood pellet in coming years. Europe is the leading region for the consumption of wood pallets for power generation, along with this North America is the significant exporter and expected to increase the production facilities of wood pellet in coming years.
Renewable energy
plays a vital role to play in meeting the future energy needs in both rural and
urban areas. The scarcity of resources, along with an increase in awareness
about adverse environmental impacts of fossil-based products and processes, has
surged the dependency on renewable energy sources such as wood pellets. The
growing need for sustainable energy development is yet another factor
contributing to the increased demand for wood pellets. Renewable energy
resources and technologies are considered as environment-friendly alternatives
as they generally cause limited or no impact on the environment than other
forms of energy sources. Further, such resources are easily available and
cannot be depleted.
Wood pellets are
categorized under renewable energy sources as they are derived from trees and
are a form of biomass. Wood pellets are composed of dried and compressed wood
fibers prepared from sawmill residuals, logging debris such as forest debris
piles, and whole logs. According to the US Energy Information Administration,
biomass is categorized as an organic material that can be effectively used as a
source of energy. Several forms of biomass such as wood pellets are carbon neutral
and leave a net-zero carbon footprint upon burning biomass.
Moreover, the
deployment of wood energy pellets instead of oil can effectively help in
minimal emission of greenhouse gases into the environment. As per an article
published by the Energy Pellets of America, LLC in 2018, the statistics from
the US Energy Information Administration represent that biomass contributes to
approximately 5% of all energy utilized in the US. From that 5%, 44% of the
biomass is derived from wood and wood products such as wood energy pellets.
Similarly, wood pellets are also considered as an efficient and cost-effective
alternative source of energy that can be effectively deployed in numerous
application bases. Hence, the demand for wood pellets is expected to rise with
the growing investment in renewable energy forms.
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