Notes

Asia wood pellet market evaluation and prediction<br>
In Asia, Japan as well as Korean are major wood pellet importers, while China, Thailand, Vietnam, Indonesia and Malaysia are generally wood pellets exporters. As the wood pellet market in Europe is anticipated to level off, Asia will certainly be another drive engine in the biomass pellet market.



Japan

Stimulate policies

Japan has actually created a collection of boost measures to advertise renewable resource manufacturing and biomass power generation, such as the Basic Legislation of promoting biomass power application in 2009 as well as state planning to advertise biomass energy application.



One of the most prominent plan is Fixed-price Support for Renewable Energy (FIT) carried out considering that July 2012. According to this policy, Electric power companies are required to have particular section of biomass energy power generation, like solar photovoltaics and also biomass power at fixed price and duration. Ever since, the wood pellets usage matures swiftly in Japan.



After the Fukushima nuclear accident in 2010, the power generation profile end up being a lot more varied. Japan ministry of economy, trade and market (METI) re-exam the acquisition rate of FIT each year, so the renewable energy cost is unpredictable for power generation companies.



Production, consumption as well as rate

According to the information of FAOSTAT in 2016, the residential wood pellets manufacturing is 90,000 bunches in the past 5 years. However Japan need to import even more wood pellets as a result of the huge consumption. In helpful hints , it import 230,000 bunches from Canada, China and also Vietnam. Offered the domestic production and import quantity, Japan's wood pellets consumption is 320,000 heaps in 2015.



Japan generally import top quality wood pellets and export low-grade pellets. The import price is 178 Euro/ton, while the export rate is 129 Euro/ton.



The intended biomass power plants

Given that the apply of suit 2011, there have been more than 100 biomass nuclear power plant building projects, and also 84 of them have been approved.




The government intends to increase the proportion of renewable energy by 2030, with solar power occupying 15%, and biomass as well as hydropower 10%. Besides, the government strategy to construct a biomass energy area to develop a thorough biomass energy application system.



Oji Green Resources and Mitsubishi Paper Mills additionally constructed a joint venture enterprise to develop a 75MW biomass power plant in Aomori. It is anticipated to start production in 2019.



Future biomass pellets need

FIP policy will certainly continue to advertise the biomass energy application in Japan. According to the prediction of Strauss, Japan will need 15 million lots of biomass pellets in the mid-2020s.



Korean

Renewable resource plan

Renewable Portfolio Requirement (RPS) plays an important duty is Korean's wood pellet market since 2012. It calls for the power generation firm to raise the percentage of renewable energy from 2% to 10%.



Biomass power is expect to take up 50% -60% of sustainable power, amongst wind, solar, and also water powers. With the carry out of RPS, the demand as well as import of wood pellets in Korean increase quickly.



RPS can minimize the power generation cost by competitive technology infiltration and also increase renewable resource supply. But the power plant proprietors need to raise their administration price.




Manufacturing as well as need

According to the data of FAOSTAT, The wood pellet manufacturing in Oriental is 15,000 t, which can not satisfy residential need As reported by Bloomberg New Power Finance, Korean's wood pellet demand is 2.2 million heaps in 2014, around 40% of England's. The wood pellet import in Korean has rise from 122,000 t in 2012 to 1850,000 t in 2014. 70% of them comes from Vietnam, as well as others from Malaysia, Canada, America, Russia, Indonesia, and Australia.



Future need.

As reported by Energy Info Administration (EIA), Korean's demand for wood pellets maintain increasing, driven by the RPS policy. Korean government has established a goal to import 5 million lots of wood pellets by 2020 to satisfy 75% of residential need. They will certainly be primarily imported from Canada, Southeast Asia and America.



China

Renewable resource policy

China's renewable resource market matures quickly in recent years. In 2013, China's National Power administration published an instruction on developing a renewable energy portfolio criterion. It calls for renewable resource must use up 15% of overall power consumption by 2020, and also 20% in 2030. According to this law, the power generation firm ought to use particular portion of renewable resource. Yet the supervision as well as penalty system is not complete.



Manufacturing, export as well as usage

China has bountiful source of biomass, including crop waste, branch, pet waste, natural drainage, metropolitan rubbish. According to the data of National Power Management, the forestry waste is 900 million tons annually, with 1/3 of them can be made use of as fuel.



In the past few years, China's wood pellet manufacturing boost rapidly. It exported 287,000 tons of wood pellets to Oriental in 2014. But in 2015, the export declines swiftly when faced with Vietnam's low-price competitors, but the growing Japan market produces brand-new possibilities.



Owing to the except wood product supply and the enhancing production cost, China's wood pellet rate raises to 105 Euro/ton. So it is not as affordable as previously.



China's wood pellet intake is generally in the eastern as well as Guangdong district, where coal central heating boilers are outlawed as well as the wood pellet expense is lower.



Vietnam

Vietnam has several large furnishings producers. So there are abundant wood wastes to make wood pellets, and the cost is the lowest in Asia. And the large wood pellet plant in Asia can advertise the economic climate of scale.



Vietnam is a significant wood pellet exporter in Asia. It occupies 70% of Oriental wood pellet market, and also supplies competitive price as low as 90 Euro/ton to Oriental and also Japan market. Besides, the transportation cost from Vietnam to Korean is fairly low.



Nonetheless, Korean is likely to increase the wood pellet import requirement, or introduce the prospective buyers beforehand. richi pellet will certainly impede Vietnam's trade with Korean. At the same time, Japan will create similar plans to hinder Vietnam dealers from entering Japan market.



Malaysia, Indonesia and also Thailand

Compared with Vietnam, Malaysia, Indonesia and Thailand are all small wood pellets producers as well as exporters. In 2015, Indonesia as well as Malaysia specifically exported 150,000 bunches and 60,000 lots of wood pellets to Oriental. They likewise export small amount of Palm bit shells (PKS) to Japan. Drunk of supplement, high quality as well as amount, the acquiring rate is high.


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