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Mitsui announced the tie-up with Nishimura Sawmill Co. on Friday. A boiler powering one of Nishimura Sawmill's wood dryers now runs on kerosene. It will be replaced with one that burns wood waste, resulting in an estimated 18,000-ton reduction in the plant's CO2 output through March 2013.
Mitsui will aid in planning and buy credits for the amount of the reduction. The partnership is based on a government scheme that allows large companies that help smaller ones cut their greenhouse gas emissions to claim the reductions as their own.
Mitsui is involved in major emissions-trading deals abroad, but has lagged behind Japanese rivals Mitsubishi Corp. (TSE:8058) and Marubeni Corp. (8002) at home.
(Nikkei) rw
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