Mitsubishi Paper Mills, MHI Plan 86MW Biomass Plant in Japan

Mitsubishi Paper Mills Ltd. (3864) and Mitsubishi Heavy Industries Ltd. (7011) plan an 86-megawatt biomass plant in northern Japan.

The two companies plan to set up a venture in August, Yoshio Noda, a spokesman for Tokyo-based Mitsubishi Paper said by phone today. The project is estimated to cost as much as 38 billion yen ($370 million).

The plant will be built at a Mitsubishi Paper factory site in Aomori prefecture and will use black liquor generated in the making of pulp as a fuel, according to Noda.

The plant is scheduled to start running in 2017, he said.

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

To contact the editors responsible for this story: Reed Landberg at Iain Wilson, Jason Rogers

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.