Japan Petroleum Exploration Co Ltd (TYO:1662), also known as JAPEX, has broken the ground on a 50-MW biomass project in Japan's Ehime prefecture.
The Ozu Biomass Power Plant will be located in a 25,700 sq m (276,632 sq ft) area in the industrial park of Ozu city. It is expected to be up and fully operational in August 2024.
The biomass project is being developed by Ozu Biomass Power Co Ltd (OBP), a business entity sponsored by local firms Maeda Corp, Yonden Business Co Inc, and Shinko Denso Co Ltd along with JAPEX.
Ozu Biomass will use imported wood pellets as fuel. Once complete, the plant will be capable of generating about 350 GWh per year.
Local utility Shikoku Electric Power Transmission & Distribution Co Inc will be the sole off-taker of Ozu’s output based on a feed-in tariff (FIT) scheme, JAPEX noted.
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