|
Wood pellet mkt heats up in US
10/24/2005
NEW YORK, Oct 23: Wisconsin's leading and possibly only wood-pellet manufacturer has discovered the exhausting thrill of operating full-tilt.
"Our plant here is running at 100 per cent capacity," said T.J. Morice, vice president of operations at Marth Wood Shaving Supply Inc. in Marathon. "We're going 24/7, and we have been for almost three months.
It sure is. Natural-gas and heating oil/propane bills are forecast to climb about 48 per cent and 30 per cent respectively, this winter, according to the US Energy Information Administration.
Sales of alternative fuels are soaring in tandem.
Leading the pack are wood pellets, a compressed-sawdust product, and wood pellet stoves. The pellets sell for about $2 to $5 a 40-pound bag and the stoves, about $2,000 to $3,500 plus installation, according to industry Web sites. - Internet
|