Việt Nam now world’s second-largest fuel pellet exporter

July 08, 2021 - 08:41

Việt Nam exported about 3.2 million tonnes of fuel pellets of various types last year, making it the world’s second-largest exporter of the product, according to the General Department of Customs.

The global demand for pellets will likely to spur about 250 per cent over the next decade, to 36 million tonnes in 2030. — Photo vietnamplus.vn

HÀ NỘI — Việt Nam exported about 3.2 million tonnes of fuel pellets of various types last year, making it the world’s second-largest exporter of the product, according to the General Department of Customs.

The Việt Nam Timber and Forest Product Association (VIFOREST) reported Vietnamese pellets were mostly exported to Japan and South Korea for thermal power production.

Pellets are biomass fuel generally made from wood waste, such as wood shavings, sawdust, and logging residues; and agricultural waste, for example, rice husks, corn stover, sugarcane bagasse, and coffee pulps.

The country’s shipment of pellets rocketed to 3.2 million tonnes last year from just 175.5 tonnes in 2013. The export revenue increased 15.3 fold from nearly US$23 million in 2013 to $351 million in 2020.

Việt Nam has about 80 pellet factories and production facilities, mostly in the southeastern and northeastern regions, with a combined capacity of close to 4.5 million tonnes per year.

VIFOREST has forecast the global demand for pellets is likely to increase about 250 per cent over the next decade, to 36 million tonnes in 2030. — VNS

Việt Nam ranks fifth among aquatic product suppliers for Singapore

Economy

Early issuance of direct power purchase critical to promote foreign investment

Economy

VN needs drastic reforms to create firm ground for economic growth: experts

Economy

Enterprises want clearer regulations on seafood production

Economy

Some firms likely to close due to higher anti-dumping tariff on plywood products in S Korea

Economy

Shares reverse to end lower as sectors suffer

More on this story

Economy

Shares edge higher, foreign investors net buy over $90.3 million

The market ended higher yesterday with the VN-Index recovering from the previous session's losses.

Economy

Long An leads country in attracting FDI

Local agencies have also inspected the pace of investment projects and promptly revoked licences of delayed projects.

Economy

Fishery exports expected to hit US$8.5 billion this year

Việt Nam’s fishery exports are on the way to fulfil the target of US$8.5 billion in value in 2021, after hitting more than $4 billion in the first half of this year, on the recovery of consumption demand in major markets such as the US and the EU, according to the Ministry of Agriculture and Rural Development.

Economy

City to trial mobile sales of essential goods as lockdowns restrict consumers’ access

The HCM City Department of Industry and Trade plans an itinerant sales programme that will sell goods around the city since many traditional markets, supermarkets and food stores are closed to combat the COVID-19 pandemic.

Economy

VCCA warns against AI powered multi-level marketing schemes

The Việt Nam Competition and Consumer Protection Authority (VCCA) has issued a warning about illegal multi-level businesses through investment in "AI Robots".

Economy

ADB approves US$4.6 million boost to private sector development

The Asian Development Bank (ADB) has approved a US$4.6 million in technical assistance to help the Government of Việt Nam strengthen public–private partnerships (PPPs), private sector development, and State-owned enterprise (SOE) reform.

Economy

Farmers need training to develop digital agriculture

Farmers need more training on digital technology to bring the industry to another level, experts have said.

Economy

Việt Nam promotes implementation of green growth strategy

Việt Nam is implementing a green growth strategy to fulfil its sustainable growth goals by 2030 and at the same time use resources effectively in the context of the COVID-19 pandemic. Hà Đăng Sơn, director of the Center for Energy Research and Green Growth, spoke to Vietnam News Agency about this issue.