Notes

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



Japan

Stimulate policies

Japan has actually drawn up a series of boost actions to promote renewable energy production and biomass power generation, such as the Basic Legislation of advertising biomass power application in 2009 and also state preparation to advertise biomass energy application.



One of the most prominent plan is Fixed-price Support for Renewable Resource (FIT) carried out given that July 2012. According to this plan, Electric power companies are required to have certain portion of biomass energy power generation, like solar photovoltaics and also biomass power at set price and also duration. Since then, the wood pellets consumption grows up swiftly in Japan.




After the Fukushima nuclear crash in 2010, the power generation portfolio become extra varied. Japan ministry of economy, trade and industry (METI) re-exam the acquisition rate of FIT yearly, so the renewable resource cost is unstable for power generation companies.



Production, consumption as well as rate

According to the data of FAOSTAT in 2016, the residential wood pellets manufacturing is 90,000 tons in the past 5 years. Yet Japan require to import more wood pellets because of the huge usage. In 2015, it import 230,000 lots from Canada, China as well as Vietnam. Given the residential production and import quantity, Japan's wood pellets usage is 320,000 loads in 2015.



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



The intended biomass nuclear power plant

Given that the apply of FIT in 2011, there have actually been greater than 100 biomass nuclear power plant building projects, and also 84 of them have been accepted.



The federal government intends to enhance the percentage of renewable energy by 2030, with solar energy taking up 15%, and biomass as well as hydropower 10%. Besides, the federal government strategy to develop a biomass energy area to establish a thorough biomass power use system.



Oji Eco-friendly Resources as well as Mitsubishi Paper Mills also constructed a joint endeavor business to construct a 75MW biomass power plant in Aomori. It is anticipated to start manufacturing in 2019.



Future biomass pellets demand

FIP plan will certainly continue to promote the biomass power application in Japan. According to visit our website of Strauss, Japan will certainly need 15 million tons of biomass pellets in the mid-2020s.



Oriental

Renewable energy policy

Renewable Profile Criterion (RPS) plays an important function is Korean's wood pellet market considering that 2012. It needs the power generation firm to increase the proportion of renewable resource from 2% to 10%.



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



RPS can reduce the power generation expense by competitive technology infiltration and raise renewable resource supply. But the power plant proprietors have to raise their monitoring price.



Manufacturing as well as demand

According to the information of FAOSTAT, The wood pellet manufacturing in Korean is 15,000 t, which can not meet residential need As reported by Bloomberg New Power Financing, Korean's wood pellet demand 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 originates from Vietnam, as well as others from Malaysia, Canada, America, Russia, Indonesia, as well as Australia.



Future need.

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



China

Renewable energy policy

China's renewable energy sector grows up swiftly in recent times. In 2013, China's National Power management released an instruction on constructing a renewable resource portfolio requirement. It needs renewable resource needs to use up 15% of overall power consumption by 2020, and 20% in 2030. According to this law, the power generation business must make use of particular section of renewable energy. But the guidance and charge system is not total.



Production, export and intake

China has abundant source of biomass, consisting of crop waste, branch, pet waste, organic waste water, metropolitan trash. According to the information of National Power Administration, the forestry waste is 900 million tons every year, with 1/3 of them can be used as gas.



In the past couple of years, China's wood pellet production increase quickly. It exported 287,000 tons 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 growing Japan market produces new chances.



Owing to the short of wood product supply as well as the increasing manufacturing cost, China's wood pellet price increases to 105 Euro/ton. So it is not as affordable as before.



China's wood pellet usage is mainly in the eastern as well as Guangdong district, where coal central heating boilers are prohibited and also the wood pellet expense is reduced.



Vietnam

Vietnam has several large-scale furniture manufacturers. So there are webpage to make wood pellets, as well as the expense is the lowest in Asia. And also the huge wood pellet plant in Asia can promote the economic climate of range.



Vietnam is a significant wood pellet exporter in Asia. It takes up 70% of Oriental wood pellet market, and offers affordable price as reduced as 90 Euro/ton to Oriental as well as Japan market. Besides, the transportation expense from Vietnam to Korean is quite low.



Nevertheless, Oriental is most likely to raise the wood pellet import criterion, or introduce the prospective buyers in advance. These plans will prevent Vietnam's trade with Korean. Meanwhile, Japan will certainly draw up similar plans to prevent Vietnam suppliers from entering into Japan market.



Malaysia, Indonesia as well as Thailand

Compared to Vietnam, Malaysia, Indonesia and Thailand are all tiny wood pellets manufacturers and also merchants. In 2015, Indonesia as well as Malaysia specifically exported 150,000 loads as well as 60,000 tons of wood pellets to Oriental. They also export percentage of Hand kernel shells (PKS) to Japan. Intoxicated of supplement, high quality as well as quantity, the purchasing rate is high.

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