In the Beginning
During the oil crisis of 1973, wood pellet production in Europe and North America started as an alternative energy source to oil. Wood pellets have attracted a lot of attention because of their high-quality, low-cost, and domestic availability. As the price of oil declined, the price of wood pellets rose relatively and because of that the use of wood pellets decreased for a time.
In the 1990s, wood pellet consumption began to recover because many countries encouraged the use of renewable energy sources and zero carbon dioxide emissions to reduce greenhouse gas emissions. With the affordability of wood pellets, there is a significant growth in demand to use them as alternative energy. The increase in geopolitical tensions and rising energy costs over the last 10 years has emphasized the focus on national energy security and cost control.