Wood Pellet Business Surges. By John Lorinc, NYTimes, December 31, 2009. "A milled wood pellet is slightly smaller than a multivitamin tablet. Made from timber harvesting residue or sawdust, pellets can be burned in residential wood stoves, or ground up and used in industrial heating applications. The so-called pelletization process concentrates energy and reduces moisture content. According to The Timber Trades Journal, a British publication, the North American wood pellet market has grown sixfold in the last five years, largely on the strength of exports to the European Union, which wants to move to 20% renewable energy by 2020. The American South, the journal reports, is expected to become North America's leading pellet-producing and exporting region. A USDA study (PDF, 23 pp) estimates that North American production reached about 6.2 million metric tons in 2009."
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