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 being driven by the global transition to renewable energy, supportive government policies in key markets like Japan and Europe, and the high calorific value of Palm Kernel Shells as a carbon-neutral alternative to fossil fuels.

As nations worldwide intensify their decarbonization efforts, the spotlight is on the key suppliers and traders who are building resilient supply chains and advancing sustainability standards for this vital biomass fuel. In this blog, we profile the Top 10 Companies in the Biomass Fuel (PKS) Industry—a dynamic mix of integrated energy corporations, specialized biomass traders, and plantation-based producers shaping the future of sustainable energy.

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🔟 1. Iwatani Corporation

Headquarters: Osaka, Japan
Key Offering: Certified and Non-Certified PKS, Biomass Fuel Trading & Logistics

Iwatani Corporation is a leading Japanese industrial gas and energy company that has become a dominant force in the global PKS market. Through its subsidiary, Global Iwatani Corporation in Singapore, it has established a vertically integrated supply chain, sourcing directly from palm oil mills in Indonesia and Malaysia. The company is a key supplier to Japanese utility companies, leveraging long-term contracts to ensure stable fuel supply for biomass power plants.

Sustainability Initiatives:

• Pioneering ISCC-certified PKS imports into Japan

• Investing in supply chain traceability and quality control systems

• Committed to supporting Japan’s 2050 carbon neutrality goals

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

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9️⃣ 2. NISSIN BIO ENERGY

Headquarters: Tokyo, Japan
Key Offering: High-Quality PKS, Biomass Fuel Processing, Sustainable Sourcing

NISSIN BIO ENERGY specializes in biomass fuel sourcing and distribution, with a strong focus on the Japanese market. The company has developed strong relationships with palm oil producers across Southeast Asia, ensuring a consistent supply of PKS that meets stringent Japanese quality standards. Their expertise in logistics and fuel processing makes them a preferred partner for utilities requiring reliable biomass feedstock.

Sustainability Initiatives:

• Leading advocate for certified sustainable PKS in Japan

• Implementing rigorous quality assurance protocols for fuel consistency

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8️⃣ 3. DSNG (PT Dharma Satya Nusantara Tbk)

Headquarters: Jakarta, Indonesia
Key Offering: Plantation-based PKS, Integrated Biomass Supply

DSNG is a major Indonesian palm oil plantation company that has vertically integrated into the PKS market. With extensive palm oil estates, the company controls its PKS supply from source to export, ensuring quality and sustainability compliance. This vertical integration provides a competitive advantage in serving markets with strict certification requirements.

Sustainability Initiatives:

• ISCC certification across plantation operations

• Direct control over sustainable sourcing practices

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7️⃣ 4. BIO ENECO

Headquarters: Kuala Lumpur, Malaysia
Key Offering: PKS Export, Biomass Fuel Aggregation, Processing Services

BIO ENECO is a leading Malaysian biomass fuel exporter specializing in PKS aggregation and processing. The company operates processing facilities that ensure consistent fuel quality through drying and screening processes. BIO ENECO serves both Asian and European markets, adapting to different quality specifications and sustainability requirements.

Sustainability Initiatives:

• $12 million investment in capacity expansion for certified PKS

• Development of specialized processing for enhanced fuel properties

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

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6️⃣ 5. Palmline Bioenergy

Headquarters: Selangor, Malaysia
Key Offering: PKS Trading, Biomass Supply Chain Management

Palmline Bioenergy has established itself as a key intermediary in the PKS supply chain, connecting Malaysian palm oil mills with international buyers. The company’s strength lies in its logistical expertise and ability to aggregate PKS from multiple sources to meet large-scale demand. Recent strategic partnerships with European biomass traders have strengthened its global distribution network.

Sustainability Initiatives:

• Focus on expanding certified PKS volumes for regulated markets

• Implementation of chain-of-custody tracking systems

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5️⃣ 6. Gombella Integrated Services Limited

Headquarters: Singapore
Key Offering: PKS Logistics, Supply Chain Optimization, Quality Assurance

Gombella Integrated Services operates as a specialized logistics and supply chain manager for biomass fuels, with a strong focus on PKS. The company’s Singapore base provides strategic access to both Southeast Asian producers and global shipping routes. Their value proposition centers on reducing supply chain complexities for international buyers through consolidated shipping and quality management.

Sustainability Initiatives:

• Developing digital platforms for supply chain transparency

• Partnering with mills to improve sustainability certifications

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4️⃣ 7. ARGYA ENERGY

Headquarters: Jakarta, Indonesia
Key Offering: PKS Sourcing, Smallholder Aggregation, Export Services

ARGYA ENERGY specializes in aggregating PKS from smallholder palm oil plantations across Indonesia, addressing the fragmentation challenges in the market. The company has developed efficient collection systems that ensure consistent supply while providing market access for smaller producers. This model supports rural economies while meeting international demand for biomass fuels.

Sustainability Initiatives:

• Supporting smallholders in obtaining sustainability certifications

• Implementing community development programs in sourcing regions

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3️⃣ 8. Provident Biofuels

Headquarters: Johor, Malaysia
Key Offering: Processed PKS, Biomass Fuel Enhancement, Custom Solutions

Provident Biofuels focuses on value-added processing of PKS, including drying, pelletizing, and quality enhancement services. The company caters to buyers requiring specific fuel specifications for optimal power plant performance. Their technical expertise in biomass fuel properties differentiates them in markets where consistent quality is paramount.

Sustainability Initiatives:

• Investing in energy-efficient processing technologies

• Developing customized biomass blends for specific applications

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2️⃣ 9. PT UNIVERSAL PALM INDONESIA (UNIPALM)

Headquarters: Medan, Indonesia
Key Offering: Direct Mill Sourcing, PKS Export, Quality Control

UNIPALM operates as a direct exporter of PKS from North Sumatra, one of Indonesia’s key palm oil producing regions. The company’s proximity to production centers allows for efficient sourcing and quality control. They have established relationships with Japanese and Korean buyers, focusing on meeting the precise specifications required for co-firing in power plants.

Sustainability Initiatives:

• Implementing mill-level sustainability improvements

• Participating in industry certification programs

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1️⃣ 10. Global Biomass Trading Pte Ltd

Headquarters: Singapore
Key Offering: International PKS Trading, Risk Management, Supply Assurance

Global Biomass Trading serves as an international market maker for PKS, connecting producers with utilities and industrial users worldwide. The company’s expertise in commodity trading, risk management, and international logistics makes them a key player in the global PKS market. They provide supply assurance through diversified sourcing and strategic inventory management.

Sustainability Initiatives:

• Promoting sustainability standards across trading partners

• Developing carbon accounting services for biomass users

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 Sustainable and Digitized

The biomass fuel (PKS) market is undergoing a significant transformation. While traditional trading patterns continue to dominate, the industry is rapidly evolving toward greater sustainability, digitalization, and supply chain integration.

📈 Key Trends Shaping the Market:

• Rapid expansion of certified PKS capacity to meet regulatory mandates in Japan and Europe

• Increasing vertical integration as major buyers secure direct supply relationships

• Digitalization of supply chains through blockchain and trading platforms

• Growing demand for processed PKS with enhanced combustion properties

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

The companies listed above are not only facilitating global renewable energy transition—they’re pioneering sustainable biomass supply chains that balance economic viability with environmental responsibility.