I might not disagree with you on those points, but in this case I think it doesn't matter. Canada doesn't matter as a market, really. Neither does the US, if you have international markets. Europe has mandates for replacing coal, and Japan is interested. They can also license the technology to others, as they mention. I used to work in wood products in Portland, Oregon, and the Pacific NW is expensive for "cheap wood." It competes with higher value wood (Fir, Cedar, etc.). The SE of US is good for cheaper wood and pulp (Various Pines mostly, but some hardwood too). All the company needs is a serious customer or two, which it seems they have. Regardless of politics, they may get funding from wherever and be able to start up. Haha, ya failed wind projects, maybe Biden desperate for something pushes funding. I don't think it is "green" (or "extreme"?) enough though. But I do think there is a market for the product if they can make it. The company has been consistent over the years in making (extremely) small steps and doing their financial reports. Moving the company to the US is only a legal thing; it doesn't say much about the plan for the customer base. US customers would obviously be great. If they have to start with Japan, great too. My thoughts anyway.
PS. After Russia cut Europe off of gas, Germany and UK started buying coal and even cutting forests to burn in their plants! I bet they would like an alternative like BMSP. Another US pellet plant is owned by a Dutch utility company for their own uses, I read few years ago. Enviva is puzzling, but I haven't really dug into them much.
