New RISI study shows growing global pellet demand

September 3, 2014, Boston, Mass. – Globally, wood pellet
demand is projected to grow from an estimated 23 million tonnes in 2014 to 50
million tonnes in 2024. These and other key findings were released in a
new study by RISI, a leading information provider for the global forest
products industry.

"It's a really exciting time to be looking at the wood
pellet market. We're seeing strong demand in the European heating sector as
high energy prices drive consumers to look for fuel alternatives. Also,
policies that promote the generation of renewable energy are spurring the use
of pellets as a substitution for coal in power plants," said Seth Walker,
Author and Bioenergy Economist at RISI.

"Additionally, Korea and Japan are beginning to enter
the market, creating a greater impact on global trade flows. Right now we're
getting a small taste of what the market is going to look like in 10
years," continued Walker.

Global Pellet Demand Outlook Study analyzes and forecasts
growing wood pellet markets through 2024 by region. This study focuses on the
European industrial market, European heating market, North American heating
market, and Asian industrial market.

Global Pellet Demand Outlook Study provides forecasts for:

European Industrial Markets including Belgium, Denmark, the
Netherlands, Sweden and the United Kingdom

European Heating Markets including Austria, Denmark, France,
Germany, Italy and Sweden

Asian Industrial Markets in Korea and Japan

North American Markets – United States and Canada

Industrial users analyzed in this study include: Dong
Energy, Drax, E.ON, GDF Suez, KEPCO subsidiaries, Ontario Power Generation,
RWE, and Showa Shell

For more information on this study, visit
www.risiinfo.com/risi-store/do/product/detail/global-pellet-demand-outlook.html.