Fuel Pellets Bring $2 Billion in Active U.S. Projects

August 22, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--While the biomass-fired power sector in the U.S. pales in comparison to other forms of renewable energy such as wind, solar and hydropower, a sizeable market has grown for fuel pellet production. Many of these plants are geared toward the export of pellets, particularly to Europe. Industrial Info is tracking more than $2 billion worth active projects related to fuel pellet production in the U.S. Nearly $900 million worth of this is located in the Southeast market region, where timber resources are more prevalent, and the Pulp, Paper & Wood Industry also is strong.

Companies featured: Enviva Incorporated (NYSE:EVA)