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Despite falling oil prices, renewable energy continues to grow. In the past twelve months announcement are made across Asia on new biomass power or biofuels projects, capacity expansion :
Sinar Mas to develop biomass power plants
– Jan 8, 2015
Thai firms plan 120 MW of biomass projects
– June 30, 2015
Six regions to develop bioenergy, says minister
– Jul 14, 2015
Indonesia secures $500m ADB loan for power sector upgrades
– Oct 5, 2015
Japan hopes to see biofuel flights running by 2020 Tokyo Olympics
– Jul 8, 2015
China’s ethanol imports hit new record high in Sep at 121,625 cubic meters
– Oct 24, 2015
China to revive corn-based ethanol amid record high stocks
– Oct 16, 2015
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According to IEA, renewable energy represents the largest single source of electricity growth over the next five years, driven by falling costs and aggressive expansion in emerging economies.
Significant development of advanced biofuels (especially for aviation), policies on biofuels mandatory blending levels and capital incentives, along with the development of secure local feedstock supply chains are enabling growth in biofuels worldwide.
While North Asia, especially Japan, is ramping up their imports for wood pellets for co-firing or dedicated biomass power plants, a significant scale-up in rest of Asia using domestic biomass resources are set to grow too.
Against a background of low oil price, how is the global biomass and biofuels market going to perform next year?
For the biomass abundantly endowed countries in South East Asia, what are the key considerations when deciding between local utilization or export?
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