Rentech - Wood Pellets
From Wood Products
In May 2014, Rentech acquired New England Wood Pellet (NEWP), the largest producer of pellets for the U.S. heating market. NEWP, established in 1992, operates three wood pellet facilities with a combined annual production capacity of 240,000 tons. The facilities are strategically located in the U.S. Northeast, which is the largest domestic market for consumption of wood pellets for heating. Known for its high quality products, NEWP commands an approximate 15% share of the market for heating pellets in the U.S. Northeast. 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 a...
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’s facilities are located in the U.S. Northeast:
Jaffrey Facility
- Located in Jaffrey, NH
- Built in 1999
- Produced approximately 81,000 tons of pellets in 2013
Schuyler Facility
- Located in Schuyler, NY
- Built in 2008
- Produced approximately 68,000 tons of pellets in 2013
Deposit Facility
- Located in Deposit, NY
- Built in 2011
- Produced approximately 76,000 tons of pellets in 2013
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