Wood Pellets (U.S. Sales)
In May 2014, Rentech acquired New England Wood Pellet (NEWP), one of the largest producers of wood pellets for the U.S. heating market. NEWP, established in 1992, operates four wood pellet facilities with a combined annual production capacity of approximately 300,000 tons. The facilities are strategically located in the U.S. Northeast, which is the largest domestic market for consumption of wood pellets for heating.
NEWP is known for its high quality pellets. The company is one of the largest suppliers of wood pellets to major retailers including Home Depot, Lowe’s, and Tractor Supply. NEWP’s pellets are distributed through more than 600 retail locations and sold directly to over 300 wholesale customers.
Wood pellets burned in modern heating appliances are a clean and convenient source of economical heating. Prices for wood pellets are competitive with delivered retail prices for natural gas, and lower than prices for heating oil, propane, or electricity. Wood pellet prices have historically been more stable than prices of heating oil or natural gas. Low population density in NEWP’s markets makes the distribution of natural gas inefficient and expensive.
Approximately 1.5 million tons of wood pellets are consumed annually in the U.S. Northeast. According to independent forecasts, wood pellet consumption in the region is expected to increase at an annual growth rate of 7% through 2018. Customer demand for wood pellets in this market exceeds available regional production.
NEWP provides business operation services to its wood pellet facilities located in the U.S. Northeast:
- Located in Jaffrey, NH
- Built in 1999
- Located in Schuyler, NY
- Built in 2008
- Located in Deposit, NY
- Built in 2011
- Located in Youngsville, PA
- Built in 1993
Please visit www.pelletheat.com for more information on NEWP or to find a dealer near you.