The Global Biomass Fuel (PKS) Market was valued at USD 1,404 Million in 2024 and is projected to reach USD 2,605 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period (2025–2032). This robust growth is driven by the global transition to renewable energy, stringent carbon reduction policies, and the high calorific value of Palm Kernel Shells (PKS) as a carbon-neutral alternative to fossil fuels.

As the world accelerates its decarbonization efforts, the biomass fuel sector is witnessing unprecedented demand, particularly for certified and sustainable feedstocks. In this blog, we profile the Top 10 Companies in the Biomass Fuel (PKS) Industry—a diverse mix of integrated suppliers, traders, and sustainability pioneers shaping the future of global renewable energy.

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🔟 1. Iwatani Corporation

Headquarters: Osaka, Japan
Key Offering: Certified and Non-Certified PKS, Integrated Supply Chain Solutions

Iwatani Corporation, a Japanese industrial giant, is a dominant force in the global PKS market. Through its subsidiary, Global Iwatani Corporation in Singapore, the company has established a robust and vertically integrated supply chain connecting Southeast Asian palm oil mills with Japanese power utilities. Its leadership stems from long-term off-take agreements and a strong focus on quality assurance.

Sustainability Initiatives:

• Strategic investments in ISCC-certified PKS production facilities

• Pioneering traceability systems for sustainable biomass sourcing

• Committed to supplying 100% certified biomass to meet Japan’s FIT requirements

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9️⃣ 2. NISSIN BIO ENERGY

Headquarters: Tokyo, Japan
Key Offering: High-Quality PKS, Biomass Fuel Aggregation Services

NISSIN BIO ENERGY specializes in the aggregation and supply of biomass fuels, with PKS being a core component of its portfolio. The company leverages deep relationships with palm oil producers in Indonesia and Malaysia to ensure a consistent and reliable supply. Its expertise lies in quality control and meeting the stringent specifications of Japanese biomass power plants.

Sustainability Initiatives:

• Active promotion of certified PKS to align with Japan’s green energy goals

• Investment in logistics infrastructure to reduce the carbon footprint of shipments

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8️⃣ 3. DSNG (PT Dharma Satya Nusantara Tbk)

Headquarters: Jakarta, Indonesia
Key Offering: PKS Direct from Plantations, Raw and Processed Variants

DSNG is a major Indonesian palm oil plantation company that has strategically diversified into biomass fuel. By leveraging its own vast palm oil estates, DSNG controls PKS production from source, ensuring supply security and quality. The company is a key supplier to both domestic and international markets, particularly Japan and South Korea.

Sustainability Initiatives:

• Implementation of ISCC certification across its supply chain

• Focus on circular economy principles by monetizing palm oil mill byproducts

Download FREE Sample Report:
Biomass Fuel (PKS) Market – View in Detailed Research Report

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7️⃣ 4. BIO ENECO

Headquarters: Selangor, Malaysia
Key Offering: Sustainable PKS, Biomass Fuel Processing

BIO ENECO is a leading Malaysian biomass supplier with a strong focus on processed and certified PKS. The company operates dedicated processing facilities to dry and screen PKS, enhancing its quality and marketability for international buyers. Its strategic location in Malaysia, a top palm oil producer, gives it a significant advantage.

Sustainability Initiatives:

• Recent $12 million investment to expand PKS processing capacity

• Commitment to achieving full certification for exported biomass products

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6️⃣ 5. Palmline Bioenergy

Headquarters: Kuala Lumpur, Malaysia
Key Offering: PKS Export, Biomass Trading and Logistics

Palmline Bioenergy specializes in the export of PKS from Malaysia to global markets. The company has built a reputation for reliability and has established strong partnerships with European biomass traders and utilities. Its expertise in international shipping and documentation streamlines the complex process of cross-border biomass trade.

Sustainability Initiatives:

• Strategic alliances with European partners to promote certified sustainable biomass

• Active participation in developing industry sustainability standards

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5️⃣ 6. Gombella Integrated Services Limited

Headquarters: Singapore
Key Offering: PKS Sourcing, Supply Chain Management

Gombella Integrated Services acts as a crucial intermediary, aggregating PKS from numerous small to mid-sized palm oil mills across Southeast Asia. The company’s strength lies in its extensive network and logistical capabilities, which help consolidate supply to meet the large-volume demands of international utility companies.

Sustainability Initiatives:

• Developing group certification models to help smaller mills achieve sustainability standards

• Implementing digital platforms for enhanced traceability

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4️⃣ 7. ARGYA ENERGY

Headquarters: Jakarta, Indonesia
Key Offering: Domestic and Export PKS, Biomass Fuel Solutions

ARGYA ENERGY is an emerging Indonesian player focused on both serving the growing domestic biomass market and exporting PKS. The company capitalizes on Indonesia’s vast palm oil production to source raw materials and is investing in processing capabilities to add value and meet international quality standards.

Sustainability Initiatives:

• Focus on supplying the Indonesian domestic market with affordable biomass fuel

• Exploring partnerships for certification to access premium export markets

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3️⃣ 8. Provident Biofuels

Headquarters: Selangor, Malaysia
Key Offering: Processed PKS, Biomass Fuel Blends

Provident Biofuels specializes in value-added biomass products, including processed and blended PKS. The company focuses on creating tailored fuel solutions that meet the specific combustion requirements of different power generation technologies, providing a technical edge in the market.

Sustainability Initiatives:

• Investment in fuel blending technologies to optimize combustion efficiency and reduce emissions

• Commitment to sustainable sourcing practices

Download FREE Sample Report:
Biomass Fuel (PKS) Market – View in Detailed Research Report

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2️⃣ 9. PT UNIVERSAL PALM INDONESIA (UNIPALM)

Headquarters: Medan, Indonesia
Key Offering: PKS from North Sumatra Region, Raw Material Supply

PT UNIVERSAL PALM INDONESIA is a key regional supplier, leveraging its presence in North Sumatra, a major palm oil-producing area. The company focuses on establishing efficient collection and preliminary processing networks to supply both the export market and Indonesia’s burgeoning biomass power sector.

Sustainability Initiatives:

• Working towards sustainability certifications to enhance market access

• Promoting the use of PKS for decentralized power generation in Indonesia

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1️⃣ 10. Global Iwatani Corporation

Headquarters: Singapore
Key Offering: International PKS Trading, Logistics and Distribution

As the overseas biomass arm of Iwatani Corporation, Global Iwatani plays a pivotal role in the international PKS trade. The company manages the complex logistics of shipping PKS from Southeast Asia to Japan and other markets, ensuring quality control and timely delivery, which are critical for utility companies operating biomass power plants.

Sustainability Initiatives:

• Leading the adoption of mass-balance certification for sustainable biomass

• Developing closed-loop supply chains with certified partners

Get Full Report Here:
Biomass Fuel (PKS) Market – View in Detailed Research Report

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🌍 Outlook: The Future of Biomass Fuel (PKS) Is Certified and Integrated

The biomass fuel (PKS) market is at a critical juncture. While abundant raw material supply exists, the future belongs to companies that can provide certified, sustainable, and reliably sourced fuel. The industry is rapidly evolving from a basic commodity trade to a sophisticated, value-driven market focused on environmental credentials.

📈 Key Trends Shaping the Market:

• Rapid growth of certified PKS, with market share projected to reach 45.75% by 2030

• Vertical integration by major players to secure supply chains and ensure quality

• Digitalization of trading platforms for enhanced transparency and traceability

• Expansion into new applications like biochar, creating additional revenue streams

Get Full Report Here:
Biomass Fuel (PKS) Market – View in Detailed Research Report

The companies leading the PKS market are not just supplying fuel—they are building the infrastructure for a more sustainable and circular bioeconomy, turning agricultural waste into a powerful driver of the global energy transition.