Demand for biomass in Asia is growing rapidly. In the past few years, sawdust particles imported into South Korea and Japan have grown exponentially. In 2017, South Korea imported 2.4 million tons (Mt) of wood pellets, which is a 20-fold increase over 2012 imports. Japan is currently a relatively small market, but its growth is also impressive. In 2017, Japan imported more than 500,000 tons, a 7-fold increase over 2012. Palm kernel shell (PKS) consumption in 2017 The same speed increase reached 1.5 million tons.
Korean biomass
Biomass demand in Korea is supported by the Renewable Energy Portfolio Standard (RPS), which aims to achieve a 10% share of renewable electricity by 2024. To meet its RPS requirements, obligated companies can generate their own renewable electricity or Purchase Renewable Energy Certificates (RECs) from other Renewable Energy Power Generation Companies. However, there is currently considerable uncertainty in Korea's subsidy system. Changes in the REC weight of certain technologies (including sawdust particles) may significantly reduce them. value.
Japanese biomass
In Japan, the market is supported by the on-grid tariff (FIT) program, which provides subsidies for companies that produce renewable energy for 20 years. Biomass has been proven to be very popular. By March 2017, nearly 12 GW of biomass projects Approved under the FIT program far exceeds the number of 2.7-4GW envisaged in Japan's 2030 Best Energy Portfolio Vision. This forces the Japanese Ministry of Economy, Trade and Industry (METI) to take action to curb the growth of biomass, and from 2018 onwards is greater than The 10MW freshman substance application has been removed from the main FIT and turned to a new bidding system.
Obviously, the growth of this potential large-scale biomass demand has attracted a lot of attention. Global biomass producers and users are keeping a close eye on Asia and want to understand how the growing market will affect the existing global trade flows. Asian biomass demand The future is far from certain, and various variables may limit its growth.
Hawkins Wright Report
Over the past few months, Hawkins Wright has conducted extensive field trips, conferences, quantitative and qualitative analysis to determine the true nature of the emerging biomass market. This study provides unique insights, published in a new 120-page book. Multi-Customer Report - 20130 Asia Pacific Biomass Demand and Supply Strategy Assessment Report.
An important part of this research is to identify biomass sources that can meet the needs of this new market. Hawkins Wright has provided detailed answers on the amount of biomass needed and the question of where these quantities may come from. Is there sufficient biomass to meet? demand?
The report presents key assessment data on the quantities and costs of the three main types of biomass: wood pellets, wood pellets and palm kernel shells. It not only considers domestic resources, but also considers the resources for economic transportation from the Asia-Pacific region for feedstock supply. (Vietnam, Indonesia, Malaysia, Thailand, and Philippines), Northeast Asia (Eastern China and Russia), Australia, North America (British Columbia, US Pacific Northwest, and US Southern), and Latin America.
The report uniquely analyzed in detail the greenhouse gas emissions of various biomass supply chains that may serve Asian utilities. Another key element of the study was the assessment of the economics of biomass power generation in Japan and South Korea. Hawkins Wright has been able to calculate the biomass fuel prices that these (hypothetical) projects can afford with various costs and revenue sources associated with co-firing. These insights will help project developers and biofuel suppliers identify them. Is the business economically viable?
Finally, the report provides a detailed assessment of some of the major risks of this growing market investor. Political risks, logistics, sustainability, bank discounting and material supply risk are all important considerations for all companies operating in this market. factor.
