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MarketScreener Homepage  >  Equities  >  Tokyo  >  JFE Holdings, Inc.    5411   JP3386030005

JFE HOLDINGS, INC. (5411)
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JFE : Engineering receives order for the biggest Biomass-fired power plant, Buzen in Japan

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02/28/2017 | 11:07pm EST

JFE Engineering Corporation (hereinafter, 'JFEE', Head Office: Chiyoda-ku, Tokyo; President and CEO: Hisanori Kanou) announced today that the company has been awarded an order for the EPC (Engineering, Procurement, and Construction) of 74.95MWe biomass power plant using Valmet's CFB boiler from Buzen New Energy ,LLC(hereinafter, 'Buzen New Energy' ).

This plant, which will be constructed for Buzen New Energy in Kyushu Kouatsu Concrete Industries Co., Ltd. Buzen works, are scheduled to commence the business in the second half of 2019. It will supply annual about 5.3 billion kWh electric power stably by using biomass; PKS(Palm Kernel Shell) and wood pellet as fuels. It is the biggest biomass power plant which is fed with biomass only in Japan.
It had been required biomass power plant which is scaled-up, high efficiency, and fuel diversification. In that requirement, it was the key factor of this order from Buzen New Energy that we can achieve the world highest level thermal efficiency by using the Valmet's state-of-the-art technology of CFB boiler called CYMIC™.

JFEE has made our lineup wider 10~350MWe, which can cover both for industries and for utilities since we made the cooperation agreement with Valmet.

JFEE and Valmet contribute to stable power supply and global warming countermeasures through supplying biomass power plants which are carbon neutral as well as base load power with our biomass and waste-fired boilers.

*1 Valmet Technologies Oy. 100% subsidiary of Valmet Corporation
(Listed on NASDAQ Helsinki).
*2 Circulating Fluidized Bed, Trade name: CYMIC™ Boiler
*3 The business firm established by erex CO., Ltd., Kyuden Mirai Energy Co., INC.
and Kyudenko Corporation.(Refer to the following outline)
*4 Electric power equivalent to 150,000 households electricity consumption

■ Power Plant Outline

1. Power Generation Method : Circulating Fluidized Bed(CFB) boiler
+Reheat Condensing Turbine
2. Fuel : PKS(Palm Kernel Shell) and Wood pellet
3. Power Capacity : 74,950kW
4. Business Launch Time : In the second half of FY2019
5. Location : Buzen City, Fukuoka
In Kyushu Kouatsu Concrete Industries Co., Ltd. Buzen works

■ Buzen New Energy LLC.

1. Representative Manager : Toshiyasu Sakamoto
(erex Co., Ltd., General Maneger)
2. Representative Partner : erex Co., Ltd.
3. Establish Date : October, 2016
4. Location : Hachiya2544-60, Buzen-shi, Fukuoka
5. Owners : erex Co., Ltd. 65%, Kyuden Mirai Energy Co., INC. 27%, Kyudenko Corporation 8%

■ erex Co., Ltd

1. Representative : President and Representative Director Hitoshi Honna
2. Establish Date : December, 1999
3. Location : Nihonbashi Hongoku-cho 3-3-14, Chuo-ku, Tokyo
4. Primary Business : Electric sales, Power supply, Energy trading
5. Capital : 5,118,212,000 yen
6. Stockholder : Listed on Tokyo Stock Exchange First Section

■ Kyuden Mirai Energy Co., INC.

1. Representative : President and Representative Director Yasuji Akiyama
2. Establish Date : July, 2014
3. Location : Watanabedori 2-4-8, Chuo-ku, Fukuoka
4. Primary Business : Renewable Energy Producer
Geothermal, Biomass, Hydro, Solar, Wind
5. Capital : 669,550,000 yen
6. Stockholder : Kyushu Electric Power Co., Inc. 100%

■ Kyudenko Corporation

1. Representative : President and Representative Director Matsuji Nishimura
2. Establish Date : December, 1944
3. Location : Nanokawa 1-23-35, Minami-ku, Fukuoka
4. Primary Business : Electrical facilities design and construction etc.
5. Capital : 11,591,804,000 yen
6. Stockholder : Listed on Tokyo Stock Exchange First Section

■ Valmet Corporation

1. Representative : President and CEO Pasi Laine
2. Establish Date : January, 2014 (Spun off from Metso Corporation)
3. Location : Keilasatama 5 / PO Box 11, FI-02150 Espoo, FINLAND
4. Primary Business : Manufacturing, Sales, and Related Services of Pulp, Paper
Converting Machinery, Energy Equipment,
Automation Equipment
5. Capital : 100 million Euro
6. Stocks : Listed on NASDAQ Helsinki

■ Power Plant Image

JFE Holdings Inc. published this content on 01 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 March 2017 04:07:08 UTC.

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Yield 2019 4,97%
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P/E ratio 2020 6,79
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