$14.5 mln wood pellet plant to be built in Quang Tri province
Construction is scheduled to begin in October 2025, with full completion and operation expected by September 2026.
Topic: wood pellets
Vietnam's wood pellet industry has plenty of room to grow
Vietnam is home to approximately 350 enterprises and factories producing wood pellets, 80 of which are actively involved in exports.
2.6 mln tons of wood pellets exported in 6M
Japan, South Korea and EU remaining major markets.
2023 wood chip and pellet exports earn nearly $3bln
China, Japan, and South Korea the largest markets as exports fall in volume and value.
Investors propose building of wood pellet plant in Quang Tri
Total investment in new plant in central province estimated at over $26 million.
11M wood pellet exports hit $597mln
Vietnam ranks second globally in wood pellet exports despite decline.
South Korea & Japan the biggest importers of Vietnamese wood pellets
Vietnam has become the world’s second-largest manufacturer of wood pellets.
Itochu Corporation to build wood pellet factory in Binh Dinh
Japanese corporation currently imports 500,000 tons of wood pellets from Vietnam.
Vietnam an important wood pellet source for South Korea
Country imported 2.2 million tons of wood pellets from Vietnam last year.
Wooden pellets becoming a billion-dollar industry
Demand for wooden pellets around the world is increasing strongly, and as the world’s second-largest exporter, Vietnam holds an advantage from prices having increased by more than 27 per cent since last year. The Vietnam Timber & Forest Products Association (VIFORES) has predicted that exports will bring in billions of dollars annually within the next few years.