The Canadian wood pellet industry is export-oriented with high production capacity and exports far exceeding domestic demand. Overseas demand growth for Canadian wood pellets in recent years was largely fueled by the United Kingdom and Japan as these countries seek to increase their use of renewable energy in heat and power plants. Government spending on renewable energy for power generation is expected to stimulate market development in this sector. Consumption Wood pellet consumption in Canada shows linear growth averaging 13 percent average annual increases since 2013. Consumption ...
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