New Green Energy Plans Would Create 120 Green Tons of Wood Demand

BOSTON, Dec. 10 /PRNewswire/ — RISI today through its Wood Biomass Market
Report, indicated that woodfiber will play a major role in any new green
energy spending plans in the U.S. The Report stated that as of Dec. 12,
estimates from the ever-expanding federal stimulus package suggest the green
component (wood, wind, solar, etc.) will be a whopping $50 billion over two
years. If 20% falls to wood energy, that near term spending of $10 billion
would spur formidable growth, providing tens of thousands of new jobs — and
wood demand of perhaps 120 million green tons, long-term. Compared to an
estimated 215 green tons of consumption currently by the nation’s pulp & paper
industry, this new demand will be significant, and could create a $3 billion
per year wood energy market at current prices. The Report also projects that a
good bit of this expansion is already underway, with current projects topping
32 million tons. Wood-derived fuels already account for a full third of the
nation’s renewable energy, 50% if hydroelectricity were excluded. RISI
projects that this increased demand will occur most in the U.S. South,
followed by the U.S. West, and then the U.S. North.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080521/NEW122LOGO )

Chris Lyddan, Contributing Editor of the Wood Biomass Market Report,
comments, “How soon we might see this increase in demand take place ultimately
rests heavily in the hands of President-elect Barack Obama and the next
Congress.” He continued, “Regardless of the actual timing, an ongoing RISI
assessment of the plan reveals wholesale changes to forestry and traditional
wood users are on the way. More than $13 billion in public and private
investment capital was pumped into US clean energy industries in 2007,
according to the Department of Energy. Interestingly, the newly proposed
government incentives exclude the many billions of dollars of private sector
funding required in new projects. As such, wood energy investments could dwarf
failing paper and lumber operations in just the next several years, almost an
imponderable outcome.”

The Wood Biomass Market Report is a monthly publication that focuses on
wood biomass feedstock pricing, project development and capital investment,
government incentives and regulations and policies as it tracks the rapidly
growing market. A one-year subscription to the Wood Biomass Market Report can
be purchased for $497 at http://www.risiinfo.com/woodbiomass, by calling
866.271.8525, or by sending an email to wt@risiinfo.com.

In addition, RISI is producing a multi-client study on Biomass entitled
The Emerging Biomass Industry: Impact on Woodfiber Markets. This new study
will be published this summer and is currently available for pre-order at a
discounted price of US$7,500. To order or for more information, please visit
http://www.risiinfo.com/biomass.

About RISI

RISI is the leading information provider for the global forest products
industry. The company works with clients in the pulp and paper, wood products,
timber, tissue, nonwovens, printing and publishing industries to help them
make better decisions.

Headquartered in Boston (Bedford), Massachusetts, RISI operates offices in
Brussels, Belgium; Atlanta, Georgia; San Francisco, California; Portland,
Oregon; Sao Paulo, Brazil; Shanghai, China; Singapore; and Charlottesville,
Virginia. More information can be found at http://www.risiinfo.com.

    Contact:
    Dan Blenk
    Marketing Manager Wood & Timber Information
    RISI
    4 Alfred Circle, Bedford MA  01730 U.S.A.
    Tel:  +1.781.734.8942
    Email: dblenk@risiinfo.com

[Via http://www.prnewswire.com]

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