Example reports sub-hub

Industry Trusted Independent Reports

Hawkins Wright is the leading independent economic and business consultancy for the Global pulp and paper industry, regular producing, in-depth multi-client reports and forecasts for all grades of paper across all regions including the complex China market - available by subscription 

Pulpwatch Market Trends


Updated Every Month

Our most frequent report featuring market commentary, shifting industry impacts and market data. Includes expert podcast

Outlook for Market Pulp


Updated Every 4 Months

A multi-client service including an in-depth report published three times a year analyzing supply, demand, costs and prices

Dissovling Pulp Market Focus


Updated every 3 months

This dedicated service provides an objective analysis of the Full range of issues affecting the chemical cellulose sector.

Why choose Hawkins Wright?

  • Independant and unbiased - we do not manufacture, trade or broker and forest products so are able to offer wholly-unbiased opinion
  • Decades of experience - With a sector knowledge base since 1982
  • Industry Dialogue - we regularly talk to a network of industry figures
  • Personal Approach - Much more than, providing market data, we can discuss your changing needs offering Calls and in-person meetings

More about Hawkins Wright

London-based. International clients and research


Pulp & Paper consultancy Services

Use our knowledge and dialogue with key features across the industry for insights unique to your organisation. We can support:

  • Due diligence for proposed investment projects 
  • Marketing Strategy, supply/ demand for price forcasts
  • Identifying new business and competitive benchmarking
More about out consultancy

Our Global Conferences

we use our unrivalled contacts and findings within the industry to create live forums for discussion with a variety of experts and sponsors twice each year, hosted from two key global locations:

  • Shanghai Pulp Week Conference - 10/05/2021 - 11/05/2021
  • London Pulp Week Conference - 15/10/2021 - 16/10/2021
View and book tickets

Latest Pulp & Paper market glimpses from our blog

Wood chips for energy: The challenge of standardisation

by Rachael Levinson Jun 27, 2019

The European wood chip for energy market is undergoing a transformation as several large-scale wood chip-fired power projects come online. However, it remains to be seen whether the rapidly expanding seaborne trade of wood chips for energy will change how the market operates and if it will support the commodification of the fuel.

Since 2016 four large new wood chip-fired plants have come online, largely reliant on imported wood chips, an almost unheard of situation prior to that time (see my previous blog for more details on those new projects). The chip market has traditionally been dominated (and still is) by small and medium scale CHP and district heating plants using local wood resources. The shift to larger plants sourcing from much further afield will dramatically change the dynamics of the market.

By analysing the pipeline of CHP and heat plants under construction we have identified at least a further 2.5M green tonnes of seaborne chip demand in Europe in just the next year or two. This surge in wood chip import requirements leaves many questions about how the market will change, where supply will come from and whether a liquid spot market will develop?

Could the answers be found in the wood pellet market? The international trade of wood pellets has existed for over ten years now but still lacks the liquidity and standardisation evident in other commodity markets. And there is no doubt that it is much further advanced than the wood chip market.

It is clear to many in the market that standardisation, be that standardisation of specification, quality testing procedures or units used; should it be green tonnes, bone-dry tonnes, gigajoules or cubic metres?  Answers to such questions is vital if the market is to mature and evolve. This concern was highlighted during discussions between key market participants at Bioenergy Europe’s inaugural wood chip working group in Brussels last week.

If we look to the wood pellet market, it is evident that the adoption by industrial end-users of the I2 standard early in the process helped develop a spot market – albeit not as liquid as many would hope for. Although far from perfect, the I2 standard provides a basic specification which contracts and discussions are based upon. Even so, almost every industrial pellet buyer has its own requirements aside from the I2 specification. Could a similar specification work in the wood chip market? Could Bioenergy Europe’s own certification scheme GoodChips provide a solution?

The crux of the problem seems to be that almost every wood chip boiler, even when operated by the same company, requires a different specification of chips, making standardisation especially challenging. Many end-users find their options are restricted by the terms of the guarantee stipulated by their boiler manufacturer. Some market players have suggested pushing back on boiler manufacturers and encouraging them to loosen their guarantee specifications.

More recently, companies – particularly those installing larger plants – are choosing boilers which have greater fuel flexibility. For example, Ørsted’s wood chip boiler at its new Asnæs plant is a lot more fuel flexible than its older ones at Skærbæk and Herning. It is this variation in the technology used by operational power plants that creates increasing disparity in acceptable fuel specifications.

Looking ahead, it will be the actions of the industry and the ability of stakeholders to work together which will determine if standardisation can be achieved.

One challenge in developing a more standardised, commoditised chips for energy market is the fragmentation and opaqueness in the market. Buyers and sellers can often work in isolation, focussing on one-to-one relationships, with little interaction and knowledge of the wider market. We at Hawkins Wright have recently published a new multi-client report shedding new light onto this growing market. Our report Wood chips for energy examines existing and expected seaborne wood chip demand globally, analyses wood chip trade flows, details key supply regions and provides a breakdown of the economics and competitiveness of the energy sector versus other chip end-users. For more information or to subscribe please visit here or get in touch at post@hawkinswright.com.

Leave a comment


I want to subscribe

To set up a new paid subscription to this service please click the link below to complete an order form. 

Get started