The global forest industry has experienced some serious changes across the past year. As we saw in our 2022 global forest industry predictions post, lots of volatility and global unrest yielded both expected and unexpected shifts.
A report from the US Department of Agriculture’s (USDA) BioPreferred Program estimates that new sustainable products and practice within seven biobased industry sectors reduced oil consumption by 9.4 million barrels in 2017.
The China Paper Association published its "14th Five-Year Plan" along with the medium- and long-term development outline of the paper industry at the end of 2021.
The frozen food segment saw skyrocketing demand months after the onset of the global Covid-19 pandemic as consumers had reduced access to restaurants during the various stages of lockdowns that began in March 2020.
In December, Swedish pulp and paper manufacturer BillerudKorsnäs AB announced its acquisition of North American coated papers producer Verso Corporation.
Bulk and commodity trade and vessel movements are embroiled in further turmoil in early October, with day rates for vessel leases spiking so dramatically, a commodity trader told IndustryEdge, “Its stupid o’clock out there. You can get a vessel, but you’ll pay through the nose, and rates are increasing by the hour some days.”
The following was published by the US Industrial Pellet Association in response to CNN's incomplete and inaccurate portrayal of the biomass industry, America's privately-owned working forests, and the rural communities that support the global forest products industry.
As I noted in the first post of this series, there is an ongoing disconnect that tends to resurface in the debate surrounding the use of woody biomass for renewable energy, including power generation and biofuels.