Biomass market suffers from low gas & oil prices, but a few bright spots reported

Analysis of the woody biomass energy sector given the low oil and gas prices suppressing the market. There are some positives though with Japan growing as a market and new programs being proposed in the U.S.

While specific biomass opportunities, such as pellets, remain strong, the overall biomass market remains soft, according to Tim Gammell, editor of the North American Wood Fiber Review (NAWFR). A few bright spots on the horizon include the anticipated growth of the Japanese market in the next few years and proposed legislation in the United States which would provide grants for the wood heating systems in public institutions. Overall, however, the biomass market in the United States has been hindered by the low price of gas.