Yes, you read the headline correctly, some are predicting that wood fuel is ready to make a big move similar to oil’s rise from $20 to $150 a barrel.
According to the Globe and Mail, there are lots of reasons to be bullish, some more obvious than others:
- Demand is up in China, which recently changed its building codes to favor lumber.
- Environmental regulations in Europe are driving the change from coal-fired power plants to biomass-fired plants.
- In North America, the rate of change is slower, but regulations and emerging biomass combustion technologies, like Greenwood’s CrossFire™ Combustion are making biomass a more attractive option for heating.
So, what does that mean for you and me? When you look out your kitchen window in the morning or take that drive through the countryside to look at the beautiful fall colors, don’t be mistaken, there is gold in the forest.
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