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Date: 07 - 08 February, 2023
Location: Copenhagen Marriott Hotel, Denmark (Hybrid)
Attractive economics and spreads for wood pellet burn across Europe has boosted biomass demand this year despite record high pellet prices. High power demand and a rebound in carbon prices has been the catalyst but a shortage of wood pellet supply will likely reduce industrial wood pellet consumption in Europe.
The removal of over two-million tonnes of Russian wood pellet supply will not be replaced quickly as consumers and traders search further afield for new production. The lack of new build wood pellet production in recent years, alongside consolidation, has exacerbated the problem and driven up the spot and term pricing. Rising inflation on both sides of the Atlantic is impacting producer costings and scheduling of existing term deliveries.
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