After 2023 there is limited future growth forecast in the industrial wood pellet market. Europe and the UK will have reached the limits of the current policy support in 2023. It is even possible that some support in the UK and western Europe will expire in the late 2020s, causing demand to fall. Japan’s growth in pellet demand will continue for a few more years. But most of Japan’s feed-in-tariff (FiT)-supported independent power producer (IPP) projects are expected to be up and running by the end of 2024. South Korea has potential for ...
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