WINTER 2025 12 18 How to navigate Trump’s potential tariffs: Focus on what you can control The recent buzz around Trump’s proposed tariffs has many Canadian businesses — and their American counterparts — feeling uneasy. 20 22 A recap from the Scaling Up Bio 2024 Conference. Finland shares success stories Rising from the ashes CCR is rehabilitating forests while building a business case for biomass harvesting in the B.C. Interior. This article offers a review of current trends in the industrial pellet market, and concludes with a brief discussion of the emerging use of biogenic carbon for refining iron ore in blast furnaces. 12 GLOBAL WOOD PELLET MARKETS: 2024 IN REVIEW AND THOUGHTS ON THE NEXT DECADES 26 Wood and biomass moisture: Four ways to increase plant efficiency Minimize cost and increase efficiency. Both manufacturers and produc-ers have this at the forefront of their agenda. 28 Wood pellets: A renewable heating revolution in the Northwest Territories The Northwest Territories is making significant strides in transitioning from fossil fuels to sustainable energy sources, and wood pellets are playing a pivotal role in this transformation. “The NWT government is committed to expanding the use of wood pellets.” 18 DEPARTMENTS 4 6 Editorial Industry news 22 Read the full story on page 28 COLUMNS 8 10 WPAC – Helping make the industry safer for over a decade WPAC – Supporting Japan’s climate goals Our Cover FutureMetrics president William Strauss reviews 2024 and shares his outlook for the future of global wood pellet markets. Cover Photo: © Irina / Adobe Stock. Canadian BIOMASS 3