Oji Green Resources Co., Ltd., a wholly-owned subsidiary of Oji Holdings Corporation (hereinafter “Oji Holdings”) and Mitsubishi Paper Mills Limited have agreed to form a joint venture for the purpose of biomass power generation business and install a biomass power plant in the area of the Hachinohe mill of Mitsubishi Paper.

Oji Green Resources and Mitsubishi Paper Mills to form a joint venture

17:08 / 三月 29, 2016

Mar 29, 2016. /Lesprom Network/. Oji Green Resources Co., Ltd., a wholly-owned subsidiary of Oji Holdings Corporation (hereinafter “Oji Holdings”) and Mitsubishi Paper Mills Limited have agreed to form a joint venture for the purpose of biomass power generation business and install a biomass power plant in the area of the Hachinohe mill of Mitsubishi Paper, as the company said in the press release received by Lesprom Network.

The new company will install a biomass power plant in the area of the Hachinohe mill of Mitsubishi Paper (Hachinohe City, Aomori Prefecture, Japan). The operation and maintenance of the power plant will be contracted to Mitsubishi Paper and the procurement service of biomass fuel will be mainly provided by Oji Green Resources.

The electricity generated will be sold to electric power companies on the basis of Feed-in Tariff scheme for renewable energy. The business is scheduled to commence in June 2019.

Lesprom Network

Oji Green Resources and Mitsubishi Paper Mills to form a joint venture

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