Opportunities and Barriers for Arizona to Supply Wood Fiber to South Korean Renewable Energy Markets Webinar
University of Arizona Cooperative Extension Gila County presents: Garden and Country Extension Webinar Series. A Zoom webinar (60-minutes or less) featuring a variety of horticultural and natural resource topics relevant to the environmental conditions and residential concerns of Gila County, Arizona.
Featured Topic: Opportunities and Barriers for Arizona to Supply Wood Fiber to South Korean Renewable Energy Markets
Featured Speaker: Jim DiPasquale is a graduate student studying forestry at Northern Arizona University. After a successful career in corporate finance, working for top retailers like American Eagle Outfitters and GNC, he is now following his passion and pursuing a master’s degree in forestry, with a focus on biomass utilization. He intends to leverage his professional financial experience in the forest products industry. Jim earned a bachelor’s degree in business administration from Bucknell University in Lewisburg, Pennsylvania and has worked for both the U.S. Forest Service and NAU’s Ecological Restoration Institute in the past year.
Webinar Overview: Restoration treatment projects in northern Arizona can reduce wildfire risk and restore forest health. But markets for biomass wood fiber from restoration activities in Arizona are highly limited, and finding utilization outlets for the by-products of forest restoration activities are increasingly important. With economically efficient transportation options and strong stable partners, Arizona could supply wood fiber to Asian markets in an economically efficient and sustainable manner. This study evaluated business potential for exporting wood fiber from Arizona to renewable energy markets in South Korea by performing a strengths, weaknesses, opportunities, and threats (SWOT) analysis. The South Korean renewable energy market is immature but expanding and showing potential for future growth. The market size, government policy support and potential make shipping Arizona wood fiber to South Korea an attractive option. Per ton wood chip prices in South Korea can be double the price in the U.S. Industry analysts project consumption of six million metric tons of biomass in 2021. Our study shows that logistical hurdles exist with current business infrastructure in northern Arizona. Additionally, the instability of the market and insecurity of South Korean policy are risks that may require mitigation before significant investment in this market.
Recordings are available here: