Key Wood Pellets Company Insights
Some key players operating in the market include Enviva LP, Drax Group Plc, and Pinnacle Renewable Energy Inc.
- Pinnacle Renewable Energy Inc. Company along with its subsidiaries, focuses on the manufacturing, distribution, and sale of industrial wood pellets in Europe, North America, and Asia. It has seven manufacturing facilities located in western Canada, where the supply of wood fiber is abundant, aiding the manufacture of wood pellets. These plants are located near rails or ports for ease of transportation of pellets.
- Drax Group Plc is focused mainly on the generation and distribution of electricity in the UK. Its operations are conducted through an integrated value chain across the three key areas including sustainable wood pellet production, electricity generation, and energy sales & services to customers.
I.C.S. (Lacroix) Lumber Inc., Wood Pellet Energy (UK) Ltd., and Premium Pellet Ltd. are some emerging market participants in the market.
- Premium Pellet Ltd. is engaged in manufacturing wood pellets from chip fines or white wood waste, planer shavings, and sawmill sawdust. It is a subsidiary of Nechako Lumber Co., Ltd. The company provides wood pellets in bags for retail distribution; as well as in bulk quantities in larger containers, rail carloads, truckloads, and ship hold loads for the offshore market.
- I.C.S. (Lacroix) Lumber Inc. is a family-owned company located in Northern Ontario, Canada. The company is engaged in the production and distribution of wood pellets for institutional, commercial, and residential heating in Canada. Its customers include retailers in areas of Quebec, Ontario, Eastern U.S., and Europe.
The Largest Wood Pellets Companies:
The following are the leading companies in the wood pellets market. These companies collectively hold the largest market share and dictate industry trends.
- Drax Group Plc
- SINGPELLET Pte. Ltd.
- Enviva LP
- Georgia Biomass, LLC
- The Westervelt Company, Inc.
- Pinnacle Renewable Energy Inc.
- Energex
- Wood Pellet Energy (UK) Ltd.
- United Company
- Groupe Savoie Inc.
- Vermont Wood Pellet Co.
- Pacific BioEnergy
- Premium Pellet Ltd.
- I.C.S. (Lacroix) Lumber Inc.
- Lauzon Recycled Wood Energy
Recent Developments
- In June 2023, TotalEnergies started packaging its premium wood pellets in high-performance polyethylene bags which incorporate 50% PCR (post-consumer recycled_ materials. The packaging delivers the same thickness and properties as compared to fossil-based alternatives, but at the same time reduces the environmental footprint. Furthermore, the initiative was taken to execute a circular economy in plastic use by the company.
- In August 2022, Drax Group Plc agreed to acquire the pellet production plant of Princeton Standard Pellet Corporation (PSPC) situated in British Columbia, Canada. The plant has a production capacity of 90,000 tons of wood pellets per year. This acquisition will help Drax Group Plc to achieve its target of reaching 8 million tons production capacity of wood pellets per year by 2030
Note: The information in this article is for reference only and may change depending on the manufacturer and source of raw materials. For the most accurate information, you should consult experts, wood pellet suppliers or contact Overc.vn to answer your questions and problems related to wood pellets and wood chips.
Source:
- Grandviewresearch
- Overc Team synthesise, analyse and write articles.
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OVERC was established in Vietnam, which has 17 FTA (Free Trade Agreement).
Vietnam is one of the countries with the most FTAs in the world.
Our main activities are manufacturing and distributing Wood Pellets and Wood Waste. Our wood pellet products, which are made from Acacia veneer residual 100% or wood waste (logs, sawdust, wood chips, wood shavings,…), have been exported to many countries around the world such as Japan, Korea, EU, etc.
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