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South Korea to meet 5 million ton wood pellets demand in 2020 with 75% energy imports

Posted on : 11 May, 2012

 

In an effort to promote its vision of “low carbon, green growth”, the South Korean Government is aiming for a sustainable economic growth through energy minimization and resource consumption. This would thereby minimize CO₂ emissions. To achieve its aim developing and implementing the use of domestic new and renewable energy technology is the government’s basic plan. Currently, 97% of the energy consumed in South Korea is imported.  The targeted percentage of new and renewable energy for 2020 and 2030 are 6.1% and 11.5% respectively.

 

The government’s decision in 2010 was eight new plants for manufacturing wood pellets. 63% of the land in South Korea is forested, which makes it feasible to use the forest biomass, and simultaneously make employment creation and environment protection possible. It is expected that the demand will reach 5 million tons in 2020, through the expanding use of wood pellets for electricity generation and heat for boilers. Since domestic supply alone cannot cater to the demand, 75% will be imported. South Korea imported woodpellets from 9 countries in 2009, including China, Canada and Vietnam.

 

In depth information on securing wood pellets and other agriculture-derived biomass supply from Southeast Asia (Palm Kernel Shell (PKS), Empty Fruit Bunch (EFB), Palm Pellets, Sugar Bagasse, etc) will be discussed at CMT’s 3^rd Biomass Pellets Trade Asia to be held in Seoul on 12-13 September.

 

Conference agenda is currently being finalized and will be available shortly. For further queries, email Ms. Hafizah at hafizah@cmtsp.com.sg  or Pre-Register for the conference now.

 

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