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ITOCHU consortium to build biomass power plant in Ichihara, Japan

Published 15 September 2017

ITOCHU, Osaka Gas and Mitsui Engineering & Shipbuilding have agreed to launch a biomass power plant project at MES Chiba Works in Ichihara, Chiba Prefecture of Japan.

ITOCHU, Osaka Gas, and MES will newly establish an operating company named Ichihara Biomass Power Co., Ltd in a three-way joint venture.

Each company brings its strengths to this project. MES will provide its construction and its operation and maintenance capabilities, ITOCHU will procure the biomass fuel supply, and Osaka Gas will operate the power plant.

The project is financed through non-recourse project financing.

ITOCHU, Osaka Gas, and MES continue to pursue the deployment of renewable energy both domestically and internationally, in an effort to address global warming and contribute to the recycling-oriented society of the future.

Source: Company Press Release