|
|
|
|
|
TOKYO, Oct 30, 2018 - (JCN Newswire) - Mitsubishi Corporation Power Ltd (MCP), a wholly owned subsidiary of Mitsubishi Corporation (MC), has commenced work required to build a new biomass power generation plant in western Japan. The project is being executed through Aioi Bioenergy Corporation (Aioi Bioenergy), a joint venture established with The Kansai Electric Power Co., Inc (KEPCO) in April 2017.
 | | A current illustration of Aioi Power Station |
We are pleased to announce that Aioi Bioenergy has reached an agreement with lenders for the procurement of a loan under a non-recourse project finance scheme, and this has enabled Aioi Bioenergy to embark on plant design and procurement of equipment.
This project will operate Unit 2 of Aioi Power Station, located in Hyogo Prefecture (capacity: 375 MW), after facilitating conversion from its current use of heavy or crude oil as fuel sources to the use of woody biomass. The Unit has been offline since April 1, 2018, but will fire up once the refurbishing and construction of boilers, fuel conveyer systems and turbines as well as the replacement of relevant plant components and other necessary installations are complete. Operations as a biomass power generation facility are slated to commence on January, 2023 for a 20-year period.
The biomass power generation plant will be fueled using natural wood pellets. This will not only contribute to controlling carbon dioxide (CO2) emissions(1) but will also allow the facility to operate as a base load plant.
MC collaborates with its affiliated companies to develop and operate renewable power plants around the world, with MCP at the forefront of its renewables business in the Japanese market through initiatives such as in solar and wind energy. This project falls under the umbrella of those initiatives.
Consistent with its strategic commitment to simultaneously generating economic, societal and environmental value, MC's aim is to accelerate progress towards making renewable energy surpass 20% of its total attributable power generation by 2030.
(1) Although biomass power generation emits CO2 during combustion, the fact that the same trees absorb CO2 while growing up offsets this, resulting in a balance of zero added CO2 emitted into the atmosphere, a state referred to as carbon neutral.
Contact:
Mitsubishi Corporation
Telephone:+81-3-3210-2171
Facsimile:+81-3-5252-7705
Topic: Press release summary
Source: Mitsubishi Corporation
Sectors: Alternative Energy
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| Mitsubishi Corporation |
| Apr 4, 2025 08:04 HKT/SGT |
|
Mitsubishi Corporation Announces Corporate Strategy 2027 |
| Apr 1, 2025 13:16 HKT/SGT |
|
Mitsubishi Corporation: Development of R&D Hub "iPark Kobe" in Kobe Medical Industry City |
| Mar 28, 2025 15:29 HKT/SGT |
|
Mitsubishi Corporation, ADM Sign Non-Binding MOU, Form Strategic Alliance |
| Mar 26, 2025 13:31 HKT/SGT |
|
Start of Joint Study on Integrated Power and Data Center Business in Ohgishima area in Keihin District |
| Mar 13, 2025 12:26 HKT/SGT |
|
Hokkaido Electric Power Corporation and Mitsubishi Corporation Establish a Joint Venture "Hokkaido Renewable Energy Aggregation Co., Ltd." |
| Feb 24, 2025 11:30 HKT/SGT |
|
Mitsubishi and ENEOS to conduct Front End Engineering Design for Sustainable Aviation Fuel (SAF) Production at the Wakayama Refinery |
| Feb 21, 2025 14:01 HKT/SGT |
|
Mitsubishi Logistics Corporation, Mitsubishi Corporation, and Yourstand Inc. Advancing Completely CO2-Free Electrification of Pharmaceutical Transportation |
| Feb 17, 2025 13:10 HKT/SGT |
|
Launch of Joint Demonstration Experiment of Remote Provision of GPU Computing Power |
| Jan 17, 2025 13:35 HKT/SGT |
|
Mitsubishi Corporation and JOGMEC Announce Investment in eFuels provider Infinium |
| Nov 15, 2024 11:32 HKT/SGT |
|
Resorttrust Group and Mitsubishi Corporation Launch Joint Study in Medical Tourism |
| More news >> |
 |
|
|
|
