Japan prepares for biomass power plant surge and increases imports of wood chips 

Japanese trading houses and electricity retailers are increasing their imports of wood chips and palm shells, with demand expected to surge amid a rush of construction of biomass power plants, according to a report from the Nikkei Asian Review.

The government is revising its fixed-price power purchase scheme so that the price for biomass-generated power falls to 21 yen (19 cents) from 24 yen per kilowatt-hour, effective October, according to the news channel.

There is a rush to get plants approved before the new rate kicks in. When those facilities come online around 2020, demand for biomass fuel is expected to soar.

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