biomass developments: south korea son-u michael paik general
TRANSCRIPT
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Biomass Developments: South Korea
Son-U Michael Paik General Counsel
Senior Vice President EnerOne, Inc.
www.enerone.co.kr [email protected]
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Ⅰ. Introduction Ⅱ. The Renewable Portfolio Standard Ⅲ. South Korea’ “Green Growth” Vision Ⅳ. Power Producers & Biomass Usage Ⅴ. Policy to Regulation to Adoption Ⅵ. Import Expectations
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Renewable Portfolio Standard in Korea
Targeting 10% of electricity from renewables by 2022
2 million tons 5 million tons 10 million tons
2015 2020 2022
South Korea’s consumption of biomass pellets
Burned pellet for residential heating in the past
Co-generation for the future use
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The RPS Mandatory Volumes are calculated as follows: RPS = mandatory supplier fossil fuel power generation volume x yearly RPS mandatory ratio
Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
RPS Ratio(%) 2.0 2.5 3.0 3.5 4.5 5.0 6.0 7.0 8.0 9.0 10.0
Obligation of RPS in Korea
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Source: UN Comtrade, HS code 440130
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2006
2011
2050
2.24%
5% 20%
Low Carbon Green Growth
Ratio of new & renewable energies
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Source : Korean Ministry of Environment
Manufacturing Cost of Renewable Energy
100% Solar Energy 100% Wind Energy
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2% 10%
2012 2022
Renewable portfolio standard (RPS) quota in Korea
The demand for renewable energy
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Korean government’s vision for 2022
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5%
95% Korea East West (EWP) Korea Southeast (KOSEP) Korea Midland (KOMIPO) Korea Southern (KOSPO) Korea Western (KOWEPO) Korea Hydro & Nuclear (KHNP)
7 private companies
6 Thermals Supply of the nation’s electricity
Market share figures in Korea
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EWP, KOSEP, KOSPO all focusing on biomass
Pellets
Bed boilers
Wood chips
Co-firing
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Biomass, a viable means of achieving the RPS target
Co-firing 10% wood chips and pellets 200MWx2 + 30MWx2 full biomass plants
5% co-firing (with pellets) → 500MWx2 5-10% co-firing (with pellets) → 340MWx1
150,000 tons/ year of wood chips and/or pellets 180,000 tons/year of wood chips 400,000 tons/year of pellets 300,000 tons/year of pellets
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Thermals used 80 million tons of coal in 2010.
Solution?
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3%
3.2 million tons/year
4.2 million tons/year
10.7 million tons/year
4% 10%
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Paper mills
Dye houses
Chemical Plants
Combined Heat & Power plant
(CHP)
600,000 tons/year
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Weightings for adherence to policy
For Integrated Gasification Combined Cycle (IGCC), and by-product gas
Wastes & Landfill gas
For Hydraulic, onshore wind, bio-energy, refuse-derived fuel (RDF) full firing and tidal (including dams, tide embankments)
For Wood biomass full firing and offshore wind (under 5km)
For offshore wind (over 5km), Tidal (not including dams or tide embankments) and fuel cells
0.25 0.5
1 1.5
2
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RPS Power Generation
Volume
New renewable energy source power generation volumes
the applicable REC
RPS Penalty
RPS Mandatory Volume
– RPS Power
Generation Volume
40KRW/ kWh 150%
*RPS=mandatory supplier fuel power generation volume x yearly RPS mandatory ratio
Calculating RPS Mandatory Volumes
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Fuels: Current Expectations PLACE COST (per ton) HEAT VALUE
(kcal/kg) STORAGE
WOOD CHIPS Domestic sources $110- $165 2,500 – 3,500 Indoors
& Outdoors
WOOD PELLETS
U.S.A., Canada, Germany, Sweden $210 - $270 4,000 – 4,500 Indoors
PKS Indonesia, Malaysia $100 - $150 4,000 – 4,500 Indoors
& Outdoors
EFB Indonesia, Malaysia $130 - $180 4,000 – 4,500 Indoors
CORN PELLETS Indonesia, Malaysia $100 - $150 4,000 – 4,500 Indoors
RISK HUSK PELLETS Vietnam $100 - $150 4,000 – 4,500 Indoors
BIO-COALS Canada, Indonesia, Malaysia $150 - $200 5,000 - 6000
Indoors &
Outdoors