Takeei to Invest Up to 3 Billion Yen for Biomass Plant in Japan

Oct. 14 (Bloomberg) — Takeei Corp. will invest as much as
3 billion yen ($28 million) to build a 6-megawatt biomass plant
in northern Japan.

The facility in Iwate prefecture will start running in two
years, the Tokyo-based company said in a statement today. Takeei
collects and recycles waste.

The station will generate enough electricity for about
14,000 homes, according to the statement.

To contact the reporter on this story:
Chisaki Watanabe in Tokyo at

To contact the editors responsible for this story:
Reed Landberg at
Indranil Ghosh, Iain Wilson

About BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
Sign up for our free monthly newsletter →

Want to learn how we help our clients put it all together? Contact us