Aug 06, 2014. /Lesprom Network/. Japan Pulp and Paper Company Limited (JP) has decided to launch a new wood-based biomass energy generation venture in a joint capital investment with New Energy Development Company Limited. The venture, Noda Bio Power JP Company Limited, to be operated in conjunction with New Energy Development Company Limited, will construct facilities in the village of Noda located in Iwate prefecture capable of generating 96.48GWh of electricity with generation operations scheduled to commence in April of 2016, as the company said in the press release received by Lesprom Network.

The energy generated by the new entity will be sold to power utility companies through the Japanese government’s Feed-in Tariff Scheme for Renewable Energy. By utilizing woodchips made from not only unused materials, but also bark as fuel, the new operations will provide a service to the local forestry industry and also contribute to the post-earthquake reconstruction efforts in Noda village and the creation of a recycling oriented society.

Japan Pulp and Paper Company Limited is engaged in the manufacture, distribution, sale, import, and export of papers, paperboards, pulp, paper-related products.