The study includes calculations of typical life cycle emissions of greenhouse gases for representative Swedish pellet production chains in accordance with the calculation rules in RED (Directive 2009/28/EC). The study also intends to analyse how the directive is applicable on solid biofuels in general and on wood pellet production in particular, and to identify such aspects of the methodology in RED that are associated with obscurities, problems or lead to misleading results compared to other life cycle analysis principles. The report includes a large number of alternative calculations to show how different facts, assumptions and methodological choices affect the results. This includes the effect of what fuels are used for drying, different transport distances, assumed fuel mix for purchased electricity, the variance in efficiency between the investigated plants as well as the effect of different interpretations of the RED methodology for greenhouse gas calculations.