Glowood was created in 2011 with the exclusive purpose of producing and selling wooden pellets for energy production.
BY the end of 2015, Glowood started a profound change process to expand its line of products to the domestic pellet, with a strong investment plan to assure a premium product to satisfy the most demanding standards in place.
“Pellets” are small aggregated cylinder-shaped blocks of wooden dust with 6 to 8 mm diameter, used to produce energy either in large-scale power plants, or heat for commercial, industrial or domestic use.
Pellets are 100% natural, with no addition of chemical elements whatsoever, only made of vegetable biomass material and wooden transformation residues.
The European wooden pellets market comprises two main segments – industrial and domestic – both produced and sold by Glowood.
The overall market is estimated in 29 million tons per year, with Europe contributing with 22 million.
Glowood’s raw material is totally and solely originated in Portugal, contributing thus to the Dynamics of the forestry sector, by creating a demand aligned with the goals of keeping the fields and forests clean, mitigating the fire risk, as well as creating jobs in otherwise less populated areas of the country.
With an overall production capacity of 110.000 ton/year, Glowood is curently exporting more than 95% of its production, to markets such as Denmark, Italy and Spain; the domestic market is also growing steadily, aligned with Europe’s and global tendencies.