Japan Pulp and Paper Company Limited (hereinafter, 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. 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.
JP is also jointly participating in biomass energy generation operations located in Matsue city, Shimane prefecture with the aim of supplying electricity to power companies. The construction of generation facilities in Matsue city is currently underway with operations slated to commence in April 2015. JP will continue to further expand its involvement in the resource and environment-related business activities demanded by society in cooperation with its business partners and local municipal bodies.
|Location||14-67-1, Oaza Noda, Noda-mura, Kunohe-gun, Iwate|
|Capital & Investment Ratio||JPY468,000,000
Japan Pulp and Paper Co., Ltd. 77.78%
New Energy Development Co., Ltd. 22.22%
|Business Activities||Wood biomass energy generation|
|Fuel||140,000 tons per year of unused materials, bark, pruned branches and PKS*1
*1: Palm Kernel Shell
|Fuel Procurement Sources||Noda Forestry Association, forestry associations and forestry industry members in Iwate, etc|
|Main Facilities||Fluidized bed combustion system, steam turbine generator|
|Annual Energy Production||96.48GWh (Equivalent to the annual energy consumption of approximately 26,800 households)|
|Projected Revenue from Energy Sales||JPY2,600,000,000 (Approx.) per year|
|Total Project Investment||JPY6,500,000,000 (Approx.)|
|Scheduled Start-up Date||April 2016|