In August, the German Timber Trade Association (GD Holz) carried out a survey on the increased energy costs in the timber trade. Of the 33 companies surveyed, the majority (45%) mainly uses wood to generate heat. Followed by gas at 38% … Continue reading → The post German timber trade suffers from high energy costs appeared first on Timber Industry News.
Skyrocketing prices for natural gas have Europeans scrambling for alternative energy sources. In Germany, where households face a 480 euro rise in their gas bills, people are resorting to stockpiling firewood. The fallout from Russia’s invasion of Ukraine has sunk … Continue reading → The post Germans are looking to firewood for energy as gas prices soar appeared first on Timber Industry News.
Metsä Tissue has had to curtail its production both in its Zilina mill, Slovakia, and Kreuzau mill in Germany for several days because of the high energy price peaks. With the high energy cost inflation, further production curtailments are likely … Continue reading → The post Metsä Tissue curtails production due to high energy prices appeared first on Timber Industry News.
As the Wall Street Journal recently reported, the ongoing war in Ukraine has pinched trade flows of the increasingly valuable supply of industrial wood pellets from Russia, Belarus and Ukraine, which have been used to co-fire power generation plants throughout Western Europe over the last decade. Demand has put upward price pressure on pellets originating in the US South, as the future of fossil energy supplies in Europe remain uncertain.