Japanese market for wood pellets continues to expand rapidly

Japan’s market for wood pellets continues to expand rapidly. The policy-driven market opportunity for foreign wood pellet suppliers is exceptional.    Biomass consumption in Japan’s electricity sector is driven by renewable energy payments known as feed-in tariffs (FIT). The Japanese government allows companies to charge customers a premium for electricity derived from eligible renewable electricity generators for 10 to 20 years. Different payment rates apply to woody biomass from domestic forest thinning operations and to general wood, including imported wood pellets, sawmill residues, palm kernel shells and other agricultural residues.    ...