14-17 Sep, 2015 - Seoul, SOUTH KOREA
Novotel Seoul Ambassador Gangnam
Novotel Seoul Ambassador Gangnam
North America - a primary wood pellet exporter to Europe and Asia - has witnessed a new record high exports in the third quarter of 2014, following a stable first half of the year. North American wood pellet exports increased manifold to Asia. But the region's export to Europe rose only marginally. This is a new trend, as until 2014 over 95 percent of the wood pellets from the US and Canada were exported to Europe.
In 2014, Canadian exports to Asia grew, with pellet plants in British Columbia shipping record volumes to South Korea during the Q3 of 2014 (reported in the North American Wood Fiber Review).
For six consecutive quarters, export volumes to Asia have registered a more positive trend, marked by increased shipments. In 2015 British Columbia's pellet shipments are likely to remain stable. The province is planning commercial operation at the first of the five announced pellet mills in late 2015 or early 2016 with plans to add over 800,000 tons of pellet capacity in the province during the 2015/16 period. British Colombia is eyeing South Korea as the main target market.
Wood pellets demand and supply trends will be a top focus at CMT's flagship summit - 6th Biomass Pellets Trade & Power on 14-16 September, 2015 in Seoul.
Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218 for more details.
