Biomass market in Japan and Korea report 

A comprehensive report exploring the ten-year outlook for biomass demand in Japan and South Korea

What's included in this report?

  • Electricity markets - market structures in Japan and South Korea and the factors driving the countries’ renewable energy policies
  • Biomass subsidies -  the operation and value of policy instruments e.g. Feed-in Tariffs in Japan and South Korea's RPS
  • Project information - profiles of biomass power projects in the region, including both dedicated-biomass and cofiring projects
  • Demand forecasts - Detailed analysis of the outlook for biomass demand in Japan and South Korea to 2030, covering pellets/chips/PKS, including historical demand and sourcing regions
  • Key statistics - demand data and a comprehensive list of operating and planned biomass power projects, supplied in Excel 
  • Challenge or query - ask questions and clarify key findings
  • Latest Biomass Demand in Japan and South Korea issue

    This short report is an update to our main Biomass Demand in Japan and South Korea report, published in April 2021.

    Biomass Demand in Japan and South Korea - update Oct 2021


Additional report details

Since our last Biomass Demand in Japan and South Korea report in mid-2019, Japan and South Korea have ramped up their climate change commitments. With both now targeting net-zero by 2050, their governments are making key policy decisions and defining the role of biomass. This new report analyses the changing policy framework and its impact on biomass
demand, including the Japanese coal phase out and new sustainability requirements. We showcase the latest 2020 data as well as detailed updates on planned projects and their expected timings. With most of the projects having now confirmed their fuel mix, we are able to share in-depth insights regarding the relative roles of pellets, PKS and wood chip in the market.

This new report covers: 

  • Electricity generation in Japan and South Korea. Market structures and the factors driving the countries’ renewable energy policies. The report details the planned 2030 energy mix in South Korea and Japan and the role that biomass is expected to play.

  • The operation and value of policy instruments (e.g. Feed-in Tariffs in Japan and the Renewable Portfolio Standard in South Korea) used to promote the development of renewable electricity generation. The report identifies recent changes to the policy frameworks and how this has impacted existing and planned biomass projects. The report outlines the value of these subsidy instruments to a biomass power producer and provides the biomass paying capability of a variety of hypothetical biomass power projects, both cofiring and 100% dedicated biomass plants, before and after the policy changes. 

  • Profiles of biomass power projects in the region, including both dedicated-biomass and cofiring projects. The capacity of each project, including its ownership and its technical, planning and financial status. Each project’s estimated annual feedstock requirement and its likely feedstock preferences/flexibility. The report identifies the key biomass users in both countries, giving a more detailed insight into their activities, status of projects, procurement approaches and feedstock preferences.

  • Forecasts of biomass demand in Japan and South Korea to 2030, including analysis of historical demand and sourcing regions. The report provides different demand scenarios for both countries, as well as a breakdown of demand by project status.   

Why choose Hawkins Wright?

We provide strategic, forecasting, marketing intelligence and business information services to the international forest products and bioenergy industries 

  • Independent and unbiased - we do not manufacture, trade or broker and forest products so are able to offer wholly-unbiased opinion
  • Decades of experience - With a sector knowledge base since 1982
  • Industry dialogue - we regularly talk to a global network of industry figures
  • Personal approach - Much more than providing market data, we can adapt to your changing needs, offering calls and face-to-face meetings
Through primary research and extensive communication with players in the Asian market, we have shed light on the complex biomass market in north east Asia.
Fiona Matthews, Report Lead Author
Hawkins Wright

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