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3. Top Companies in Solid Biomass Feedstock Industry - Stora Enso (Finland), Drax Group plc (UK) and Segezha Group (UK)

The global solid biomass feedstock market is projected to reach USD 36.2 billion by 2029 from an estimated USD 26.6 billion in 2024, at a CAGR of 6.3% during the forecast period. The rising environmental concerns, increasing focus on renewable energy, and the growing demand for alternative to fossil fuels is driving the growth of the solid biomass feedstock market.

Due to their strong supply network, a few global and regional players hold a strong foothold in the solid biomass feedstock market. Drax Group plc (UK), Enviva Inc. (US), Arbaflame (Norway), REDAL (Lithuania), and Ecostrat Inc. (Canada) are the market leaders in the solid biomass feedstock market. These companies have adopted strategies such as partnerships, agreement, acquisitions, and expansions to increase their market share.

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Stora Enso specializes in the development and manufacturing of solutions derived from wood and biomass, catering to various industries and applications globally. The company assists its customers in fulfilling the need for renewable, environmentally sustainable products. Stora Enso operates as a business-to-business enterprise and stands as a prominent supplier of renewable products in packaging, biomaterials, and wooden construction. Additionally, it ranks among the largest private forest proprietors globally. Stora Enso offers business in these six segments: Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, and Other. Stora Enso offers solid biomass feedstock in the Wood Products segment; it provides components for windows and doors, as well as by-products like pellets derived from wood residuals.

Stora Enso has a geographic footprint spanning Finland, Europe, North and South America, Asia and Oceania, Africa, and Other regions. It operates production units in 12 European countries and maintains five innovation and research hubs across Northern and Central Europe.

Drax Group plc manages a sustainable generation portfolio encompassing biomass, hydroelectric, and pumped hydro storage assets at four locations in England and Scotland. Additionally, the company runs a worldwide bioenergy supply enterprise with manufacturing facilities at 13 sites in the US and Canada. These facilities produce compressed wood pellets for both, internal consumption and external customers in Europe and Asia.

The Drax Group plc consists of three distinct business segments: Pellet Production, Generation, and Customers. The company provides solid biomass feedstock within its Pellet Production business segment. It manufactures pellets, consisting of sawmill and forest residuals, along with low-grade roundwood—material of an inferior quality that cannot be utilized in sawmills. These components offer a sustainable, low-carbon fuel source that can be transported safely and efficiently via our worldwide supply network.

Drax Group plc operates in four regional locations i.e., North America (Canada and US), Europe, Asia, and the UK. The company has 69 subsidiaries in different regions.

Segezha Group operates as a vertically integrated timber holding company. This entails overseeing the complete production cycle, starting from forest management to the fabrication and distribution of finalized wood goods. Recognized as among the world's leading forestry enterprises, Segezha Group prioritizes sustainable methodologies and value-added wood processing. The Group holds the top position as the largest producer of sack paper, paper sacks, glulam beams, and prefabricated home kits in Russia. Additionally, it maintains a leading position in the manufacturing of sawn softwood timber and large-size birch plywood in Europe and worldwide. The primary business sectors of the company include Paper & Packaging, Forestry Management & Woodworking, Plywood & Boards, Laminated Wood Products, and Others.

Segezha Group provides Solid Biomass Feedstock across three key sectors: Forestry Management & Woodworking, Plywoods & Boards, and Laminated Wood Products. Within the Forestry Management & Woodworking and Laminated Wood Products segments, the company supplies pellets and chips. Briquettes are offered within the Plywoods & Boards category.

Segezha Group has a geographical presence spanning China, Russia, Egypt, Germany, Turkey, and other locations. It operates 1 R&D center, 23 production facilities, and 12 subsidiary companies.

Related Reports:

Solid Biomass Feedstock Market by Source (Agriculture, Forest, Municipal), Type (Chips, Pellets, Briquettes), Application (Electricity, Heat, Biofuel), End User (Residential & Commercial, Industrial, Utilities) & Region - Global Forecast to 2029

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