By: greenbank On: January 01, 2018 In: Comments: 0

GFO committed to invest US$0.7 million of equity in a biogas project in Hokkaido. The biogas will be generated via fermentation of agricultural waste. Loans are co-financed mainly by regional commercial financial institutions. This project is the first biogas power generation project for Kadokawa Construction Co., and will be constructed using proprietary technology developed by collaborative research with Hokkaido University. In this way the project can be a pivotal step in the creation of future cases of implementation. The project will avoid 1,643 tonnes of carbon emissions annually. The project will also aid the establishment of “biomass industrial city concept” aiming at creation of employment by the new industry and activation of agriculture, forestry and fisheries industries locally.

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