Wood Pellets (Grill/Heating Fuel)

UK power utility that converted coal units to burn imported wood pellets; also a major pellet producer.

American wood pellet producer (NYSE: EVA; HQ Bethesda MD; restructured through Chapter 11 bankruptcy March 2024); world's largest producer of wood pellets from US South biomass (sawmill residuals, low-grade SYP logs, logging slash) — processed into compressed wood pellets and shipped to European and Asian power plants burning wood pellets as a 'renewable energy' fuel under EU bioenergy subsidy frameworks. Enviva's pellet plants in North Carolina, Mississippi, Alabama, Georgia, and Virginia purchase SYP logging residuals and low-grade roundwood that timber companies cannot sell profitably as lumber — effectively providing a secondary market that improves timber company economics. Enviva's bankruptcy (March 2024) — driven by biomass energy subsidy uncertainty and rising log procurement costs — removed a significant secondary buyer for US South SYP residuals, tightening US South timber markets for remaining pellet producers. The EU's decision to continue classifying forest biomass as 'renewable energy' under the RED III directive is what makes Enviva's business model viable (or not) — European climate policy directly determines whether US South pine forests are burned for electricity or converted to lumber.

Pellet-grill pioneer and maker of hardwood BBQ pellets (the recurring-fuel razor-blade of the pellet grill).