Branded Legacy Inc (BLEG)

[justhefax]

interesting background...

...
'With incentives like these, European firms are scouring the Earth for wood. Europe consumed 13m tonnes of wood pellets in 2012, according to International Wood Markets Group, a Canadian company. On current trends, European demand will rise to 25m-30m a year by 2020.

Europe does not produce enough timber to meet that extra demand. So a hefty chunk of it will come from imports. Imports of wood pellets into the EU rose by 50% in 2010 alone and global trade in them (influenced by Chinese as well as EU demand) could rise five- or sixfold from 10m-12m tonnes a year to 60m tonnes by 2020, reckons the European Pellet Council. Much of that will come from a new wood-exporting business that is booming in western Canada and the American south. Gordon Murray, executive director of the Wood Pellet Association of Canada, calls it “an industry invented from nothing”.
...

article 2013

http://www.economist.com/news/business/21575771-environmental-lunacy-europe-fuel-future