Notes

Asia wood pellet market evaluation and also prediction<br>
In Asia, Japan and also Korean are significant wood pellet importers, while China, Thailand, Vietnam, Indonesia and Malaysia are primarily wood pellets merchants. As the wood pellet market in Europe is expected to level off, Asia will certainly be one more drive engine in the biomass pellet market.



Japan

Promote policies

Japan has prepared a series of promote steps to promote renewable resource production and biomass power generation, such as the Basic Law of promoting biomass power application in 2009 as well as state preparation to advertise biomass power application.



The most influential policy is Fixed-price Support for Renewable Resource (FIT) performed since July 2012. According to this policy, Electric power business are obliged to have particular portion of biomass energy power generation, like solar photovoltaics and biomass power at set price and period. Ever since, the wood pellets consumption matures swiftly in Japan.



After the Fukushima nuclear crash in 2010, the power generation portfolio become much more diversified. Japan ministry of economy, trade and also market (METI) re-exam the purchase cost of FIT annually, so the renewable resource cost is unpredictable for power generation firms.



Production, usage and also price

According to the data of FAOSTAT in 2016, the residential wood pellets production is 90,000 tons in the past 5 years. However Japan require to import even more wood pellets because of the large usage. In 2015, it import 230,000 loads from Canada, China and Vietnam. Provided the domestic manufacturing and import volume, Japan's wood pellets intake is 320,000 heaps in 2015.



Japan usually import high-grade wood pellets as well as export low-grade pellets. The import price is 178 Euro/ton, while the export cost is 129 Euro/ton.



The planned biomass power plants

Considering that the carry out of suit 2011, there have actually been more than 100 biomass nuclear power plant building and construction projects, and 84 of them have actually been approved.



The federal government aims to boost the proportion of renewable resource by 2030, with solar power taking up 15%, and biomass and hydropower 10%. Besides, the federal government plan to construct a biomass power zone to establish a thorough biomass power use system.



Oji Green Resources as well as Mitsubishi Paper Mills likewise constructed a joint venture enterprise to build a 75MW biomass nuclear power plant in Aomori. It is expected 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 require 15 million lots of biomass pellets in the mid-2020s.



Oriental

Renewable resource plan

Renewable Portfolio Criterion (RPS) plays a crucial role is Korean's wood pellet market since 2012. It needs the power generation company to increase the percentage of renewable resource from 2% to 10%.



Biomass power is anticipate to occupy 50% -60% of eco-friendly power, amongst wind, solar, as well as water powers. With the implement of RPS, the need and import of wood pellets in Oriental increase quickly.



RPS can minimize the power generation cost by competitive modern technology seepage and also elevate renewable energy supply. However the nuclear power plant owners need to raise their administration expense.



Production and need

According to the data of FAOSTAT, The wood pellet production in Korean is 15,000 t, which can not satisfy domestic demand As reported by Bloomberg New Power Financing, Korean's wood pellet need is 2.2 million loads 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 comes from Vietnam, and also others from Malaysia, Canada, America, Russia, Indonesia, as well as Australia.



Future demand.

As reported by Power Info Administration (EIA), Korean's demand for wood pellets keep raising, driven by the RPS policy. Korean government has set a goal to import 5 million tons of wood pellets by 2020 to fulfill 75% of residential need. They will certainly be generally imported from Canada, Southeast Asia and also America.



China

Renewable energy policy

China's renewable resource industry matures swiftly in recent times. In 2013, China's National Energy administration released a direction on developing a renewable energy profile standard. It calls for renewable energy ought to take up 15% of complete power consumption by 2020, as well as 20% in 2030. According to this policy, the power generation firm must utilize specific section of renewable resource. But the guidance and penalty system is not total.



Production, export and also consumption

China has bountiful source of biomass, consisting of crop waste, branch, animal waste, natural drainage, city trash. According to the information of National Power Management, the forestry waste is 900 million bunches every year, with 1/3 of them can be used as fuel.



In the past couple of years, China's wood pellet production boost rapidly. It exported 287,000 tons of wood pellets to Korean in 2014. Yet in 3d printer pellet extruder , the export declines rapidly despite Vietnam's low-price competitors, however the growing Japan market develops brand-new chances.



Owing to the short of wood product supply and the increasing manufacturing cost, China's wood pellet cost enhances to 105 Euro/ton. So it is not as competitive as previously.



China's wood pellet consumption is mainly in the east and also Guangdong district, where coal central heating boilers are outlawed and the wood pellet cost is reduced.



Vietnam

Vietnam has many large furnishings producers. So there are plentiful wood wastes to make wood pellets, as well as the cost is the most affordable in Asia. As well as the large wood pellet plant in Asia can promote the economic situation of range.




Vietnam is a significant wood pellet merchant in Asia. It uses up 70% of Korean wood pellet market, as well as uses affordable price as reduced as 90 Euro/ton to Korean and also Japan market. Besides, the transport price from Vietnam to Korean is quite low.



Nonetheless, Korean is likely to elevate the wood pellet import criterion, or reveal the prospective buyers in advance. why not check here will certainly impede Vietnam's trade with Oriental. At the same time, Japan will certainly create similar plans to hinder Vietnam dealerships from entering Japan market.



Malaysia, Indonesia as well as Thailand

Compared to Vietnam, Malaysia, Indonesia as well as Thailand are all tiny wood pellets producers and exporters. In 2015, Indonesia as well as Malaysia respectively exported 150,000 loads as well as 60,000 lots of wood pellets to Korean. They also export percentage of Palm bit shells (PKS) to Japan. Intoxicated of supplement, quality and amount, the buying rate is high.

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