"CN (TSX: CNR)(NYSE: CNI) - North America's largest mover of forest products - is on track to haul more than 800,000 tons of wood pellets (http://www.cn.ca/woodpellets) this year and sees more opportunities in the future for this "green" source of heating energy.
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"Major power plants and residential consumers in North America, Europe and Asia are turning to wood pellets as an alternative to fuel oil, gas or electricity to heat homes. In addition, wood pellets are being used increasingly in industrial applications such as district heating plants, greenhouses, and cement and aluminum production facilities.
"Wood pellets, made from waste wood such as wood shavings and sawdust, are carbon neutral and do not contribute to global warming because they emit the lowest greenhouses gases of any fuel burned. The U.S. Environmental Protection Agency has endorsed wood pellet heat as one of the cleanest burning, most renewable energy sources on the planet.
"Global wood pellet production in 2008 was almost 11 million tons, and some analysts believe worldwide production could double by 2014. North American consumption is expected to exceed 3.3 million tons in 2010."
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