Taiheiyo Cement has plans to develop a 75 MW biomass power plant at a cement production site in Ofunato, Iwate Prefecture (northeastern Japan).
The project involves the development of a new 75 MW facility that will use palm waste as a cost-efficient fuel. The biomass plant would be one of the one of the largest of its kind in Japan.
The total project investment is estimated at JPY23.5 billion (US$229.7 million). The new facility is expected to be operational in the autumn of 2019.
The energy generated by the plant is expected to be sold to eRex, a power company that counts Taiheiyo Cement as a major shareholder. The energy price would be based on the government's feed in-tariff program.