Green Earth Institute Co., Ltd. and Electric Power Development Co., Ltd. have concluded a research contract on the pellets production using waste of oil palm trees ("OPT") to realize an integrated business combining of green chemicals and biofuels production. Getting this agreement, GEI with its own unique biorefinery technology and J-POWER which aims to reach the carbon-neutral goal in 2050 in "J-POWER 'BLUE MISSION 2050'" will jointly explore an integrated business opportunity utilizing OPT. In this survey, GEI and J-POWER will conduct a feasibility study to utilize the squeezed water from OPT as a raw material for chemical production and the fiber portion of OPT for fuel production to generate more profit.

These new business initiatives can effectively utilize OPT, which has been discarded so far, and realize upcycling into biofuels and high-value-added chemicals. It is expected to contribute to the proper development of the palm oil industry all over the world.