Biomass Power Technologies (Hirakata City, Osaka Prefecture) will develop a waste-to-energy power plant in Matsusaka City, Mie Prefecture, using an off-site PPA (power purchase agreement) model. depending on the system charging tariff (FIT). Use organic solid waste and plastic waste as solid fuel. Announced on March 31st.
Finished photo of Powerade Mie Shin Matsusaka Biomass Power Plant
(Source: Biomass Power Technologies)
The name of the power plant is "Powerade Mie Shin Biomass Matsuzaka" and the capacity is 1.99MW. Annual electricity production is expected to be about 16.47 million kWh, transmission of about 15.15 million kWh. A portable furnace type boiler compatible with the Takuma mixed combustion system will be used for the power generation equipment. Commercial operation is expected to begin in January 2025.
Business model image
(Source: Biomass Power Technologies)
A mixture of mushroom bed waste (used culture medium) discharged from the Hokuto Mie Mushroom Center in Taki Town, Mie Prefecture, wood chips such as wood chips discharged from the vicinity of the Chubu area, and solid fuel plastic waste (RPF). Used Fuel Generated energy will be provided to Hokuto for 15 years through an external PPA program.
The main business unit is Power Aid Tripolymer Co., Ltd. (Matsusaka City, Mie Prefecture), a special purpose company (SPC) established by Biomass Power Technologies in July 2021. Japan Asia Investment, Haseko Corporation, BM Ecomo, Rexport and JA Mitsui Leasing silent cooperative investments in SPC.
The total project cost is about 2.6 billion yen. This is a syndicated loan with Mizuho Bank as arranger and will be procured using long-term loans that have received a “Green 1” loan rating, the highest rating from the Rating Agency. Japanese credit.
Biomass Power Technologies has named the system that uses organic waste from the manufacturing industry as energy "Thin Biomass". In the future, with Hokuto as the main business partner, we plan to plan and propose developments in other areas such as Nagano, Shizuoka, Toyama and Kagawa prefectures where the Hokuto Mushroom Center is located.
