The plant will be constructed in Tomakomai, Hokkaido, and is slated to be in operation in April 2009. The Oenon group will invest around 4.4 billion yen (US$40.17 million) in the project, half of which will be covered by a subsidy from the Ministry of Agriculture, Forestry and Fisheries.
The plant will initially produce bioethanol from imported rice, with plans to use Hokkaido-grown rice in the future. It will produce 5,000 kilolitres per year starting in fiscal year 2009, increasing output to 15,000 kilolitres in fiscal years 2011. The facility will be able to produce as much as 50 kilolitres of bioethanol from 125 tons of rice each day.
Bioethanol from the plant is expected to be used in biogasoline sold by petroleum wholesalers.
Tsukishima Kikai and Marubeni earlier secured an order for a plant in Sakai, Osaka Prefecture, that will commercially produce ethanol from scrap lumber. In partnership with Sapporo Breweries Ltd., they are also pursuing a project that would create ethanol from sugar cane and molasses waste in Thailand.
(Nikkei)
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
|
|
