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North Carolina: Southern Forest Industry Braces for Bioenergy

New Study Details the Impacts of Emerging Biomass Markets

Source:  Copyright 2008, Centre Daily Times
Date:  August 5, 2008
Original URL: Status ONLINE

Emerging biomass markets will significantly strengthen demand for wood fiber in the South, driving prices higher for forest products as the United States turns to alternative fuels for energy, according to a study released Monday by Forest2Market.

The new demand will be fueled by wood-burning power companies that produce and sell electricity to public utilities, as well as an increasing amount of wood pellets that are exported to European energy markets. The development of new facilities that turn biomass into cellulosic ethanol for transportation fuel will also impact the forest products industry.

As a result, demand for wood fiber from these emerging markets is expected to climb from 2 million tons in 2008 to at least 13.5 million tons in 2020, according to Forest2Market, a provider of pricing information and analysis for forest products. However, the estimate is conservative, and it could be adjusted higher as more companies ...

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