JFE Engineering Corporation (Head Office: Chiyoda-ku, Tokyo, President: Hisanori Kanou) took the first EPC(Engineering, Procurement, and Construction) order of 75MWe biomass power plant using Valmet's CFB boiler from MPM Oji Eco Energy Corporation (MOE) since JFEE made the cooperation agreement with Valmet of Finland.

This plant, which will be constructed for MOE in Mitsubishi Paper Mills Limited Hachinohe works, are scheduled to commence the business in the first half of FY2019. It will supply annual about 5.3 billion kWh electric power stably by using biomass; wood chip, PKS(Palm Kernel Shell) and coal as fuels. It was the key factor of this order from MOE that we can achieve the world highest level thermal efficiency by using the Valmet's state of the art technology of CFB boilers.

Nowadays, it is even needed for biomass power plant that scale-up, high efficiency, and fuel diversification. In March 2015, JFEE made the cooperation agreement, which JFEE can exclusively supply Valmet's CFE Boilers called 'CYMIC™' in Japan to meet these needs.

Valmet is a leading bioenergy technology provider, specializing in the utilization of various solid fuels such as biomass, low rank coal, and waste-based fuels in fluidized bed boilers. The company has delivered over 250 fluidized bed boilers, including the largest biomass-fired boiler in the world with the effect of 250MWe. JFEE has delivered 10~50MWe class CFB boilers, and this cooperation agreement make our lineup wider 10~350MWe, which can cover both for industries and for utilities.

JFEE and Valmet contribute to stable power supply and global warming countermeasures through supplying biomass power plants which are carbon neutral as well as base load power with our biomass and waste-fired boilers.

*1 Circulating Fluidized Bed, Trade name: CYMICTM Boiler
*2 Valmet Technologies Oy. 100% subsidiary of Valmet Corporation
(Listed on NASDAQ Helsinki).
*3 The business firm established by Oji Green Resources Co., Ltd.(100% subsidiary of Oji Holdings Corporation) and Mitsubishi Paper Mills Limited. (Refer to the following outline)
*4 lectric power equivalent to 150,000 households electricity consumption

Power Plant Outline

1. Power Generation Method : Circulating Fluidized Bed(CFB) boiler
＋Reheat Condensing Turbine
2. Fuel : Wood chip, PKS(Palm Kernel Shell) and Coal
3. Power Capacity : Approximately 75,000kW
4. Business Launch Time : In the first half of FY2019
5. Location : Hachinohe City, Aomori
In Mitsubishi Paper Mills Limited Hachinohe works

■ M, P, M, Oji Eco Energy Corporation

1. Representative : Satoshi Takuma
(Oji Green Resources, Co., Ltd. Executive director)
2. Establish Date : 1 March, 2016
3. Location : Ichikawamachizi 2-2, Oaza, Hachinohe City, Aomori
4. Capital : 5 milion yen
5. Stockholder : Oji Green Resourse 55%, Mitsubishi Paper Mills 45%

■ Oji Green Resources Co., Ltd.

1. Representative : President and Representatice director Shoji Fujiwara
2. Establish Date : October, 2
3. Location : Ginza 4-7-5, Chuou-ku, Tokyo
4. Primary Business : Pulp Business, Timber･Afforest Business, Energy Business etc
5. Capital : 350 million yen
6. Stockholder : Oji Holdings Corporation 100%

■ Oji Holdings Corporation

1. Representative : President and Representatice director Susumu Yajima
2. Establish Date : August, 1949
3. Location : Ginza 4-7-5, Chuou-ku, Tokyo
4. Primary Business : Holding Company
5. Capital : 103,880 million yen
6. Stocks : Listed on Tokyo Stock Exchange First Section

■ Mitsubishi Paper Mills Limited

1. Representative : Representative Director Kunio Suzuki
2. Establish Date : April, 1898
3. Location : Ryogoku 2-10-14, Sumida-ku, Tokyo
4. Primary Business : Manufacturing, Processing, and Sales of Paper, Pulp,
Photosensitive materials
5. Capital : 32,756 million yen
6. Stocks : Listed on Tokyo Stock Exchange First Section

■ Valmet Corporation

1. Representative : President and CEO Pasi Laine
2. Establish Date : January, 2014 (Spun off from Metso Corporation)
3. Location : Keilasatama 5 / PO Box 11, FI-02150 Espoo, FINLAND
4. Primary Business : Manufacturing, Sales, and Related Services of Pulp, Paper
Converting Machinery, Energy Equipment,
Automation Equipment
5. Capital : 100 million Euro
6. Stocks : Listed on NASDAQ Helsinki

■ Power Plant Image

■ Photo: With the executives from Valmet (12 September, 2016)

JFE Holdings Inc. published this content on 07 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 October 2016 04:52:03 UTC.

Original documenthttp://www.jfe-eng.co.jp/en/news/2016/20161007.html

Public permalinkhttp://www.publicnow.com/view/EEC4FCA9D1ED98E54D586DC9FA12472897327ED0