“Exportation of wood pellets from North America to Europe and Asia reached an all-time high rising 22% in 2014 from the previous year”
~ Wood Resources International LLC
As the world’s second largest energy market, China is searching for ways to increase its portfolio of renewable energy, and biomass utilization, such as supplementing its coal usage with biomass pellets, is one of the country’s priority. While the market is currently at its infancy stage with minimal import volume, the potential of the Chinese appetite is massive. After China, India is also looking at tackling pollution and emission issues by turning biomass, such as rice husks and municipal waste, into power and energy.
According to Indufor, Japan is at the cusp of significant growth and investment in the bioenergy sector, but sustainable biomass feedstock supply remains the critical challenge.
The dramatic surge in South Korean wood pellet import since 2012 when RPS was introduced, declined significantly, both in volume and prices, in the first and second quarter this year. The drop in crude oil and natural gas prices, and shift in policies, led to wood pellet losing its competitiveness in the South Korean market. Is this trend going to be reversed in the next half of 2015?
Major buyers, energy and trading companies are exploring the opportunities to import pellets from Vietnam, Malaysia, Indonesia, Canada and the US. To meet this soaring appetite (especially with China’s participation in this market), global suppliers are cranking up their production supply and logistics chain for export-ready pellets. Cross-regional investments and partnership are fast-tracking the production capacity of biomass pellet production in Indonesia, Malaysia and Vietnam as well as other high calorific value biomass fuel such as Palm Pellets, PKS, black pellets and torrefied pellet.
Amidst the backdrop of plummeting global oil and gas prices, how can Asia’s biomass renewable sector reshape itself to stay competitive? Attend CMT’s Biomass Pellets Trade & Power and secure deals and partnerships.
We urge you to mark this date in your diary or pre-register to enjoy early bird discounts. CMT’s Biomass Pellets Trade & Power is the ‘Global Biomass Buyers and Suppliers Meet’that you simply cannot miss!
PLUS a guided visit to KOSPO’s Sam-Cheok Green Power Plant at Gang-won, with tour facilitated and led by Korean Southern Power (KOSPO). Limited seats, site visit registration on a first come first serve basis.