When operational this June, the plant will burn wood pellets, palm kernel shells and domestic woodchips to produce around 500,000 MWh per year.
Kanda Biomass Energy KK is a "special purpose vehicle" held by Veolia Japan KK, part of French group Veolia Environnement SA. (Source: Renova, 14 Feb, 2021) Contact: Renova Inc., www.renovainc.com; Veolia, www.veolia.com
More Low-Carbon Energy News Renova, Kanda Biomass Energy, Veolia,
The contract in Japan is Pinnacle's second with Toyota Tsusho Corporation, a trading and investing company and a group member of TOYOTA. Under the terms of the Toyota Tsusho contract, Pinnacle will supply 170,000 metric tpy of industrial wood pellets to Toyota Tsusho beginning in 2021. The industrial wood pellets will be used by Kanda Biomass Energy K.K., which is established by RENOVA, Inc., Sumitomo Forestry Co., Ltd., Veolia Japan K.K. and two other companies, in a biomass power generation plant in Kanda, Fukuoka Prefecture, Japan.
The contract in South Korea is with CGN Daesan Power Co., Ltd., a subsidiary of CGN New Energy Holdings Co., Ltd, a diversified independent power producer in Asia.
As a result of these two new contracts, the weighted average remaining life of Pinnacle's portfolio of off-take contracts with customers has been extended from seven years as at March 30, 2018, to more than nine years.
(Source; Pinnacle Renewable Holdings, 28 June, 2018) Contact: Pinnacle, Robert McCurdy, CEO, (604) 270-9613, www.pinnaclepellet.com;
Toyota Tsusho, www.toyota-tsusho.com/english
More Low-Carbon Energy News Pinnacle Renewable Holdings, Woody Biomass, Wood Pellet, Toyota Tsusho ,