Friday, January 18, 2008

Alternative Fuel Demand Boosts Prices of Forest Products

January 4 – According to Forest2Market, Inc., power companies in the South and Pacific Northwest will drive prices for wood fuels higher as new facilities are built to produce an energy alternative to fossil fuels.

Forest2Market reports that "the supply of wood chips – a byproduct of lumber production used at pulp mills and power facilities – is dropping as residential construction drastically slows in the weak housing market. The reduced supply has raised prices by almost 10 percent since the third quarter of 2006."

For more information, visit the Forest2Market website.

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