JOC Staff | Oct 09, 2012 1:29PM EDT
The U.S. surpassed Canada as the largest wood pellet exporter in the world in the first six months of 2012, pushed higher expansion of wood pellet capacity in the southern United States, the North American Wood Fiber Review reported.
Canadian pellet exports to Europe in the second quarter rose 14 percent from the first, while pellet exports from the U.S. South rose 13 percent.
U.S. pellet exports have continued to grow for the past 15 months and are forecast to increase from approximately 1.5 million tons in 2012 to 5.7 million tons in 2015.
Exports from Canada are also expected to grow, but not at such a rapid pace.
