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 mostly wood pellets exporters. As the wood pellet market in Europe is anticipated to level off, Asia will certainly be an additional drive engine in the biomass pellet industry.



Japan

Stimulate plans

Japan has actually created a series of stimulate actions to advertise renewable resource production and also biomass power generation, such as the Basic Law of advertising biomass power application in 2009 and also state preparation to promote biomass power application.



The most influential policy is Fixed-price Assistance for Renewable Energy (FIT) executed since July 2012. According to this policy, Electric power business are obliged to have certain portion of biomass energy power generation, like solar photovoltaics and also biomass energy at set price as well as period. Since then, the wood pellets usage grows up rapidly in Japan.




After the Fukushima nuclear accident in 2010, the power generation profile end up being much more diversified. Japan ministry of economy, profession and also sector (METI) re-exam the acquisition rate of FIT every year, so the renewable energy expense is unstable for power generation firms.



Production, intake as well as price

According to the information of FAOSTAT in 2016, the domestic wood pellets production is 90,000 bunches in the past 5 years. However Japan require to import more wood pellets because of the huge consumption. In 2015, it import 230,000 loads from Canada, China and also Vietnam. Offered the residential production and import volume, Japan's wood pellets usage is 320,000 loads in 2015.



Japan usually import premium wood pellets and also export low-quality pellets. The import cost is 178 Euro/ton, while the export cost is 129 Euro/ton.



The prepared biomass nuclear power plant

Because the execute of FIT in 2011, there have been greater than 100 biomass nuclear power plant construction projects, as well as 84 of them have been authorized.



The federal government aims to enhance the percentage of renewable resource by 2030, with solar power using up 15%, as well as biomass and hydropower 10%. Besides, the federal government plan to build a biomass energy area to develop a detailed biomass energy usage system.



Oji Eco-friendly Resources and Mitsubishi Paper Mills additionally built a joint endeavor business to develop a 75MW biomass power plant in Aomori. It is expected to begin manufacturing in 2019.



Future biomass pellets demand

FIP policy will remain to advertise the biomass energy application in Japan. According to her explanation of Strauss, Japan will certainly require 15 million tons of biomass pellets in the mid-2020s.



Korean

Renewable resource policy

Renewable Portfolio Criterion (RPS) plays a vital role is Korean's wood pellet market because 2012. It requires the power generation company to raise the percentage of renewable energy from 2% to 10%.



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



RPS can reduce the power generation price by affordable technology seepage and raise renewable resource supply. Yet the power plant owners need to raise their administration expense.



Production and also need

According to the information of FAOSTAT, The wood pellet production in Oriental is 15,000 t, which can not fulfill domestic demand As reported by Bloomberg New Power Money, Korean's wood pellet demand is 2.2 million lots in 2014, around 40% of England's. The wood pellet import in Korean has boost from 122,000 t in 2012 to 1850,000 t in 2014. 70% of them originates from Vietnam, and also others from Malaysia, Canada, America, Russia, Indonesia, and Australia.



Future need.

As reported by Energy Details Management (EIA), Korean's need for wood pellets keep boosting, driven by the RPS policy. Korean government has established an objective to import 5 million tons of wood pellets by 2020 to satisfy 75% of residential demand. They will be primarily imported from Canada, Southeast Asia and America.



China

Renewable energy policy

China's renewable resource industry matures quickly in recent times. In 2013, China's National Energy administration published an instruction on building a renewable energy profile requirement. It calls for renewable energy should take up 15% of complete energy usage by 2020, and also 20% in 2030. According to this policy, the power generation business should make use of specific section of renewable energy. Yet the supervision and also charge system is not complete.



Production, export and usage

China has abundant resource of biomass, including plant waste, branch, pet waste, organic waste water, urban rubbish. According to the information of National Power Administration, the forestry waste is 900 million bunches every year, with 1/3 of them can be made use of as gas.



In the past couple of years, China's wood pellet production rise rapidly. It exported 287,000 lots of wood pellets to Korean in 2014. But in 2015, the export declines rapidly in the face of Vietnam's low-price competitors, however the expanding Japan market produces new chances.



Owing to the except wood product supply and also the enhancing manufacturing price, China's wood pellet cost raises to 105 Euro/ton. So it is not as affordable as before.




China's wood pellet consumption is generally in the east and Guangdong district, where coal central heating boilers are banned and also the wood pellet expense is reduced.



Vietnam

Vietnam has numerous large furniture manufacturers. So there are bountiful wood wastes to make wood pellets, as well as the expense is the lowest in Asia. And also the large wood pellet plant in Asia can advertise the economic climate of range.



Vietnam is a major wood pellet exporter in Asia. It occupies 70% of Korean wood pellet market, and also offers affordable rate as reduced as 90 Euro/ton to Oriental as well as Japan market. Besides, the transport cost from Vietnam to Korean is rather reduced.



Nevertheless, Oriental is most likely to raise the wood pellet import standard, or announce the prospective buyers ahead of time. These plans will prevent Vietnam's trade with Oriental. Meanwhile, Japan will certainly create comparable plans to impede Vietnam dealerships from entering Japan market.



Malaysia, Indonesia as well as Thailand

Compared to Vietnam, Malaysia, Indonesia as well as Thailand are all small wood pellets manufacturers as well as merchants. In granules extruder , Indonesia and Malaysia specifically exported 150,000 lots and also 60,000 tons of wood pellets to Korean. They likewise export percentage of Hand kernel shells (PKS) to Japan. Drunk of supplement, high quality as well as amount, the purchasing price is high.


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