Comment by lvs

This was my first reaction as well. I think the subtext is that the byproduct is currently being burned as a fuel source, which is common for things like sawdust in mills. So there's one aspect of this calculation that could be waaay off. If the mills that would have burned this byproduct in a boiler are selling it instead, they'll need another energy source for their boilers! If that energy source is a fossil fuel instead of a wood byproduct, then this "upcycling" has inadvertently become carbon positive (or perhaps neutral at best). And it will be a lot easier to retrofit an industrial boiler for natural gas than to convert it to electric. Even if it were electric, most of the world does not remotely have as clean a grid as Norway's. So it would be some decades before any carbon advantage emerges.