Japan Petroleum Exploration : Joint Promotion of Ozu Biomass Power Project
March 24, 2022 at 04:30 am EDT
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2022.3.24
MAEDA CORPORATION
Japan Petroleum Exploration Co., Ltd.
Yonden Business Co.,Inc.
SHINKO DENSO co.,ltd.
MAEDA CORPORATION, Japan Petroleum Exploration Co., Ltd. (JAPEX), Yonden Business Co.,Inc., and SHINKO DENSO co., ltd will jointly promote the Ozu Biomass Power Project in Ozu City, Ehime Prefecture as below.
A biomass power plant with an output of approximately 50,000 kW will be constructed at about 25,700 square meters of land in the industrial park of Nagahama-area, Ozu City, Ehime Prefecture, and will use wood pellets imported from overseas as fuel. This project will be promoted by Ozu Biomass Power Co., Ltd., sponsored by MAEDA CORPORATION, Japan Petroleum Exploration Co., Ltd., Yonden Business Co.,Inc., and SHINKO DENSO co.,ltd., as a business entity.
The power plant is planned to start its construction in June 2022, and its commercial operation commencement is scheduled in August 2024. The amount of electricity generation will be approximately 350 GWh per year, and all of them will be sold to Shikoku Electric Power Transmission & Distribution Company, Incorporated (YONDEN T&D) using the Feed-in tariffs for renewable energy (FIT) system.
The business entity and sponsors will contribute to the expansion of the use of electricity derived from renewable energy sources with lower environmental impact and the development of local economies for the carbon-neutrality, with understandings and supports by the local communities in Ozu area.
Note) Please refer the PDF versionfor the appendix.
Please note that the information in the news is as of the announcement date and may be subject to change without notice.
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JAPEX - Japan Petroleum Exploration Co. Ltd. published this content on 24 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2022 02:17:05 UTC.
Japan Petroleum Exploration Co., Ltd. is a company principally involved in crude oil and natural gas related business. The Company operates in four geological segments. The Japan segment involves in the exploration, development, production, purchase, sale, transportation of crude oil and natural gas, the production, purchase, sale, transportation of petroleum products, as well as contracting work of mining wells. The North America segment involves in exploration, development, production, purchase and sale of crude oil, natural gas, as well as bitumen which is super heavy oil collected from the oil sand layer in North America. The Europe segment involves in the exploration of crude oil and natural gas in Europe. The Middle East segment involves in the exploration, development and production of crude oil and natural gas in Middle East.
JAPAN PETROLEUM EXPLORATION CO., LTD. 
