Beyond the traditional markets for industrial wood pellets, there are a number of new markets that represent significant growth opportunities. For example, China produces more thermal coal electricity than the next nine largest producing countries combined, but accounts for a negligible amount of industrial wood pellet consumption. In December 2016, the Chinese government published a five year bioenergy plan, which set a goal of 30 million MTPA of solid biomass consumption by 2020. Potential adoption of industrial wood pellet consumption by these markets represents significant incremental potential demand growth for industrial wood pellets.