KUALA LUMPUR, Nov 17 -- Enviva Partners, LP (Enviva), a global renewable energy company, and Tokyo-based utility Electric Power Development Co Ltd (J-Power), have signed a memorandum of understanding (MOU).
This is for the long-term, large-scale supply of sustainable wood biomass from Enviva's manufacturing facilities in the US Southeast to J-Power’s coal-fired power plants in Japan, according to a statement.
The agreement is designed to develop an executable and investable plan under which Enviva will build new infrastructure to produce and deliver up to five million metric tonnes of sustainable wood pellets to permanently replace coal in J-Power’s existing coal-fired power plants, significantly curbing the utility’s greenhouse-gas emissions.
The MOU provides a framework to advance the role of biomass as a renewable and sustainable energy source and help J-Power meet its ‘Blue Mission’ goal to be carbon-neutral by 2050.
“We are delighted that our partnership with J-Power can help this leading utility in Japan reach its climate goals with reliable, baseload energy that complements the intermittency of wind and solar,” said co-founder and executive vice president of sales and marketing at Enviva, Thomas Meth.
Under the agreement, the parties will jointly evaluate the most sustainable and cost-effective means to deliver on the potential of the coal-to-biomass conversion project, such as security of supply, port reception, delivery and storage logistics, safety measures, and project economics.
The investment will leverage J-Power’s existing coal-fired power plants by re-purposing them via conversion, resulting potentially in both dedicated as well as co-fired biomass plants.
Biomass ultimately provided by Enviva under the agreement will be certified under the European Union’s (EU) current sustainability criteria, which maintains and improves long-term forest health, growth, and capacity.
Earlier this year, Enviva announced its own Net-Zero Commitment that will reduce, eliminate, or offset all of its direct emissions by 2030.
-- BERNAMA
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