Oji Holdings Corp, which is
now focusing on selling biomass power to take advantage of government subsidies
for renewable energy and to address the slide in paper sales.
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According to Shoji Fujiwara, chairman of Oji
Green Resources Co, they are planning to build biomass power plants fueled by
wood on the northern island of Hokkaido
and the southern island of Kyushu.
The company, the world’s largest corporate user of renewable energy, will spend
20 billion yen (approx. $233.5 million) to construct the plants and after three
years, plans to sell the electricity to be generated by the units. Potential
customers for this particular project are Kyushu Electric Power Co. and
Hokkaido Electric Power Co. with a potential 2 billion income per year for each
utility. Oji is investing around 60 billion yen ($700 million) for solar, geothermal and
hydro energy projects.
