/PRNewswire/ -- Analysis of public data by Forisk Consulting indicates a 67% success rate for announced wood-using bioenergy projects in the continental US. Projects with the highest probability of success share two requirements. One, they employ currently viable and scalable technology. Two, they demonstrate verifiable progress in planning and executing bioenergy project development. As of July 29, 2010, Forisk screened 363 announced and operating wood-consuming bioenergy projects. These projects represent potential, incremental wood use of 121 million green tons per year by 2020. Based on Forisk's screening methodology, projects representing only 68.4 million green tons per year pass basic viability screening.
"Why is this important? Because assessments of emerging wood bioenergy markets in the US that assume all projects succeed overstate likely wood use for energy by nearly 77%," says Brooks Mendell, President of Forisk. Clearly, tracking and screening bioenergy projects challenge those interested in renewable energy investments, economic development, and timberland markets. Wood Bioenergy US and Wood Bioenergy shapefiles for GIS mapping applications, two new subscription products from Forisk, solve this challenge.
"In Wood Bioenergy US, we continuously confirm, in a systematic way, that each project is moving forward and getting closer to being operational," says Amanda Lang, Managing Editor. The current issue indicates that bioenergy projects in the South comprise the largest volume of potential wood use of the three US regions, but the lowest pass rate through Forisk's screening. Southern projects representing 24 million tons - a 40% pass rate based on volume - appear viable based on current analysis. Alternately, the US North - which includes Appalachia, the Lake States and the Northeast - has the largest number, with 153 projects announced.
Wood Bioenergy US is published ten times per year. For more information, visit www.foriskstore.com and click on "Bioenergy." A monthly, complimentary Wood Bioenergy US summary is available by signing up for the Forisk News at www.forisk.com.
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Showing posts with label wood. Show all posts
Showing posts with label wood. Show all posts
Wednesday, August 11, 2010
Wednesday, December 10, 2008
New Green Energy Plans Would Create 120 Green Tons of Wood Demand
PRNewswire/ -- RISI today through its Wood Biomass Market Report, indicated that woodfiber will play a major role in any new green energy spending plans in the U.S. The Report stated that as of Dec. 12, estimates from the ever-expanding federal stimulus package suggest the green component (wood, wind, solar, etc.) will be a whopping $50 billion over two years. If 20% falls to wood energy, that near term spending of $10 billion would spur formidable growth, providing tens of thousands of new jobs -- and wood demand of perhaps 120 million green tons, long-term.
Compared to an estimated 215 green tons of consumption currently by the nation's pulp & paper industry, this new demand will be significant, and could create a $3 billion per year wood energy market at current prices. The Report also projects that a good bit of this expansion is already underway, with current projects topping 32 million tons. Wood-derived fuels already account for a full third of the nation's renewable energy, 50% if hydroelectricity were excluded. RISI projects that this increased demand will occur most in the U.S. South, followed by the U.S. West, and then the U.S. North.
Chris Lyddan, Contributing Editor of the Wood Biomass Market Report, comments, "How soon we might see this increase in demand take place ultimately rests heavily in the hands of President-elect Barack Obama and the next Congress." He continued, "Regardless of the actual timing, an ongoing RISI assessment of the plan reveals wholesale changes to forestry and traditional wood users are on the way. More than $13 billion in public and private investment capital was pumped into US clean energy industries in 2007, according to the Department of Energy. Interestingly, the newly proposed government incentives exclude the many billions of dollars of private sector funding required in new projects. As such, wood energy investments could dwarf failing paper and lumber operations in just the next several years, almost an imponderable outcome."
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Compared to an estimated 215 green tons of consumption currently by the nation's pulp & paper industry, this new demand will be significant, and could create a $3 billion per year wood energy market at current prices. The Report also projects that a good bit of this expansion is already underway, with current projects topping 32 million tons. Wood-derived fuels already account for a full third of the nation's renewable energy, 50% if hydroelectricity were excluded. RISI projects that this increased demand will occur most in the U.S. South, followed by the U.S. West, and then the U.S. North.
Chris Lyddan, Contributing Editor of the Wood Biomass Market Report, comments, "How soon we might see this increase in demand take place ultimately rests heavily in the hands of President-elect Barack Obama and the next Congress." He continued, "Regardless of the actual timing, an ongoing RISI assessment of the plan reveals wholesale changes to forestry and traditional wood users are on the way. More than $13 billion in public and private investment capital was pumped into US clean energy industries in 2007, according to the Department of Energy. Interestingly, the newly proposed government incentives exclude the many billions of dollars of private sector funding required in new projects. As such, wood energy investments could dwarf failing paper and lumber operations in just the next several years, almost an imponderable outcome."
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