South Korea pellet demand could reach 8.5mn t

摘要

South Korean wood pellet consumption could reach over 8.5mn t by 2022, Korea Forest Biomass Association chairman Kim Ji-Eung said at the Argus Biomass Asia conference in Singapore Wednesday. Consumption has risen from less than 100,000t in 2011 to 2.25mn t last year. The main drivers of demand growth have been the introduction of the renewable portfolio standard (RPS) regulation for power plants in 2012 and an increase in the use of home heating and commercial wood pellet boilers, Kim said.