By: greenbank On: October 01, 2016 In: Comments: 0

GFO committed to invest US$3.9 million in woody biomass gasification and power generation project developed by Koyo Electric Co., Ltd. This is the collaboration between Koyo Electric Co., Ltd. and local businesses in Kushima-city, Miyazaki Prefecture for small-scale combined heat and power (< 2,000 kW power generation), making practical use of unused biomass resources, principally thinned woods, left in the forest areas. The participation of GFO will encourage other financial institutions to provide financing for this project.

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