Demand for biomass in Asia is growing rapidly. Wood pellets imported into South Korea and Japan have grown exponentially in the past few years. In 2017, South Korea imported 2.4 million tons of wood pellets, which is a 20-fold increase over 2012 imports. Japan It is currently a smaller market, but its growth is also impressive. Japan imported more than 500,000 tons in 2017, which is a 7-fold increase over 2012. PKS (palm kernel shell) consumption is similar The speed of the rise reached 1.5 million tons in 2017.
Biomass energy demand in Korea is supported by a renewable energy portfolio standard that aims to achieve a 10% share of renewable energy electricity by 2024. To meet its RPS requirements, an obliged company can generate its own renewable electricity or purchase Other Renewable Energy Certificates (RECs) Renewable Energy Capacity. However, there is currently great uncertainty in South Korea's subsidy system. Changes in the REC weight of certain technologies (including wood particles) may significantly reduce their value.
In Japan, the market is supported by the on-grid price (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 The project was approved under the FIT scheme and far exceeded the number of 2.7-4 GW scenarios envisioned in Japan's best energy mix scenarios in 2040. This forced the Japanese Ministry of Economy, Trade and Industry (METI) to take action to curb the growth of biomass energy and start new projects from 2018 onwards. The >10MW biomass application has been removed from the main FIT and converted into a new tendering system.
Understandably, the huge scale of this potential increase in biomass demand has attracted a lot of attention. Globally, biomass producers and users are keeping a close eye on the Asian market and want to understand how the growing market will affect existing global trade flows. The prospects for biomass demand in Asia are far from certain, and various variables may limit its growth.
Over the past few months, Hawkins Wright has conducted extensive field trips, conferences, quantitative and qualitative analyses to determine the true nature of the emerging biomass market. This study provides unique insights, published in a new 120-page book. Report - Assessment of Biomass Demand and Supply Strategy in Asia and the Pacific, Outlook to 2030.
An important part of this research is to identify the biomass sources that can meet the needs of this new market. Hawkins Wright has provided detailed answers on the amount of biomass that will be needed and the question of where these quantities may come from. Is there enough biomass available? To meet the demand?
The report presents key assessment data on the quantities and costs of the three main types of biomass: wood pellets, sawdust and PKS (palm husk). It not only considers domestic resources, but also considers that raw material supply regions from the Pacific Rim region of Asia Pacific can The resources for economic transportation are Southeast Asia (Vietnam, Indonesia, Malaysia, Thailand and the 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 to assess the economics of biomass power generation in Japan and South Korea. Through surveys and new construction. Hawkins Wright has been able to calculate these (hypothetical) projects to pay its biomass fuel prices for various costs and sources of revenue associated with the co-combustion. 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 capabilities and raw material supply risks are all important considerations for companies operating in this market. factor.
The report can be obtained from www.hawkinswright.com/bioenergy/asian-pacific-biomass. The subscription includes a 120-page report, as well as the accompanying Microsoft Excel database, which provides all major biomass plans in Japan and Korea. Power generation project details.
