RNG A Biomass Bright Spot
Last week, Bioenergy Europe released its annual Statistical Report on Pellets, which analyzes the development of the world pellet market, with a main focus on Europe. One of the core findings was that the production and consumption of pellets has “stagnated worldwide, breaking a two-decade-long trend of uninterrupted growth.”
This is attributed to numerous factors, including higher input prices—for example, electricity costs for producers, which inflates the cost of pellets—falling industrial demand, and a record warm winter with “shockingly fewer” heating degree days than average.