The Global Biofuel Wood Pellets Market was valued at USD 12.83 Billion in 2024 and is projected to reach USD 20.56 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period (2024–2030). This robust growth is primarily driven by the global shift towards renewable energy sources, stringent environmental regulations, and increasing adoption of biomass for power generation and heating applications across residential, commercial, and industrial sectors.

As nations worldwide intensify their decarbonization efforts, biofuel wood pellets have emerged as a critical component in the renewable energy mix. In this blog, we profile the Top 10 Companies in the Biofuel Wood Pellets Industry—a group of producers, traders, and innovators who are establishing the supply chains essential for a sustainable energy future.

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Biofuel Wood Pellets Market – View in Detailed Research Report

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🔟 1. Enviva Inc.

Headquarters: Bethesda, Maryland, USA
Key Offering: Industrial-grade wood pellets, Sustainable biomass fuel

Enviva is the world’s largest producer of industrial wood pellets, a primary biomass fuel used to displace coal in power generation. The company operates numerous production plants across the Southeastern United States and exports a significant portion of its output to Europe and Asia, serving utility customers committed to reducing their carbon footprint.

Sustainability Initiatives:

• Commitment to sourcing sustainable forestry practices

• Tracking and traceability systems for fiber sourcing

• Long-term contracts supporting the transition from coal to biomass

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9️⃣ 2. Drax Group

Headquarters: Selby, North Yorkshire, United Kingdom
Key Offering: Wood pellets for power generation, Biomass supply chain solutions

Drax Group operates the largest decarbonization project in Europe, having transformed its former coal-fired power station in the UK to run primarily on sustainable biomass. The company is also a major producer and trader of wood pellets through its operations in North America, making it a fully integrated player in the biomass energy sector.

Sustainability Initiatives:

• Ambition to become a carbon-negative company by 2030

• Investment in Bioenergy with Carbon Capture and Storage (BECCS) technology

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Biofuel Wood Pellets Market – View in Detailed Research Report

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8️⃣ 3. Pinnacle Renewable Energy (A Subsidiary of Drax Group)

Headquarters: Vancouver, British Columbia, Canada
Key Offering: Industrial wood pellets, Residential heating pellets

Now part of Drax Group, Pinnacle Renewable Energy is a leading Canadian producer of wood pellets with production facilities across British Columbia and Alberta. The company has a strong export-oriented business, supplying pellets to utility customers in Europe and Asia, and plays a key role in utilizing sawmill and forestry residues.

Sustainability Initiatives:

• Utilization of waste fiber from sawmilling operations

• Certification under sustainable biomass programs like SBP and FSC

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7️⃣ 4. Graanul Invest

Headquarters: Tallinn, Estonia
Key Offering: Wood pellets, Biomass fuels

Graanul Invest is one of Europe’s leading wood pellet producers, with a significant production capacity across the Baltic region. The company operates a fully integrated model, managing the supply chain from forest management to pellet production and delivery, serving both the heating and power generation markets.

Sustainability Initiatives:

• Focus on sustainable forest management in the Baltic states

• Production plants designed for high energy efficiency

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6️⃣ 5. German Pellets GmbH

Headquarters: Wismar, Germany
Key Offering: ENplus® certified wood pellets, Bulk delivery services

German Pellets is a major European producer focused primarily on the residential and commercial heating markets. The company operates large-scale production facilities and has developed extensive logistics networks for bulk pellet delivery, serving a growing customer base seeking efficient and clean heating solutions.

Sustainability Initiatives:

• Production of high-quality ENplus® certified pellets

• Investment in energy-efficient pellet production technologies

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5️⃣ 6. Fram Renewable Fuels

Headquarters: Savannah, Georgia, USA
Key Offering: Industrial wood pellets, Biomass feedstock

Fram Renewable Fuels is a significant producer in the Southeastern US, specializing in industrial-grade wood pellets for the international market. The company leverages the abundant forestry resources of the region to produce pellets that meet strict sustainability criteria for large-scale power generation.

Sustainability Initiatives:

• Sourcing from sustainably managed forests

• Compliance with international biomass sustainability standards

Download FREE Sample Report:
Biofuel Wood Pellets Market – View in Detailed Research Report

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4️⃣ 7. Lignetics Group

Headquarters: Richmond, Virginia, USA
Key Offering: Residential heating pellets, Barbecue pellets, Industrial biomass

Lignetics Group is one of the largest residential wood pellet manufacturers in North America, with a diverse product portfolio that includes heating pellets, barbecue pellets, and industrial biomass. The company operates multiple production facilities across the United States, serving a broad range of customers.

Sustainability Initiatives:

• Use of recycled wood waste and sawmill residues

• Production of clean-burning, high-efficiency pellet fuels

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3️⃣ 8. EC Biomass (A part of Energy Capital Ventures)

Headquarters: Birmingham, United Kingdom
Key Offering: Wood pellets, Biomass fuel supply

EC Biomass is a key supplier in the UK and European markets, providing wood pellets for both industrial and domestic use. The company focuses on creating reliable supply chains to support the growing demand for biomass energy, particularly in the heating sector.

Sustainability Initiatives:

• Supply chain transparency and certification

• Support for the transition to low-carbon heating systems

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2️⃣ 9. Stora Enso

Headquarters: Helsinki, Finland
Key Offering: Biomass pellets, Renewable energy solutions

Stora Enso, a leading provider of renewable solutions in the bioeconomy, produces wood pellets as a by-product of its integrated forestry and milling operations. The company utilizes residual streams from its production processes to create value-added biomass products, contributing to a circular economy model.

Sustainability Initiatives:

• Comprehensive circular bioeconomy approach

• Maximizing value from wood fiber through cascading use

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1️⃣ 10. Energex Pellet Fuel Inc.

Headquarters: Lac-Mégantic, Quebec, Canada
Key Offering: Premium wood pellets, Bulk delivery systems

Energex is a leading North American manufacturer of wood pellets for residential and commercial heating markets. The company has a strong presence in the Northeastern US and Canada, with a focus on producing high-quality, consistent pellets and developing efficient bulk delivery systems for its customers.

Sustainability Initiatives:

• Sourcing from sustainable forestry operations

• Investments in low-emission production technologies

Get Full Report Here:
Biofuel Wood Pellets Market – View in Detailed Research Report

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🌍 Outlook: The Future of Biofuel Wood Pellets Is Sustainable and Integrated

The biofuel wood pellets market is experiencing significant transformation, driven by global carbon reduction targets and the need for reliable renewable energy sources. While traditional heating applications continue to be important, the industrial segment for power generation is becoming increasingly dominant, shaping the future trajectory of the industry.

📈 Key Trends Shaping the Market:

• Rising demand from Asian markets, particularly Japan and South Korea, for co-firing in power plants

• Strict sustainability certification requirements becoming a market standard

• Technological advancements in pellet production efficiency and quality control

• Integration of carbon capture technologies in biomass power generation

Get Full Report Here:
Biofuel Wood Pellets Market – View in Detailed Research Report

The companies profiled above are not only supplying a vital renewable energy source—they are building the infrastructure and standards necessary for a sustainable bioenergy sector that supports global climate goals.