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- Mitsui & Co., Ltd.
Corporate Communications Division
Mitsui & Co., Ltd. ("Mitsui") is pleased to announce that it carries out a CO2 emission reduction project utilizing forest biomass, together with Nishimura Sawmill Co., Ltd. ("Nishimura"). This is Mitsui's first domestic CDM project, whose scheme governed by Ministry of Economics, Trade and Industry, Japan.
A woody biomass fired boiler is installed at wood drying facility of Nishimura's saw mill. This replaces the heating oil previously used as thermal source, resulting in the emission reductions of carbon dioxide. Nishimura, the project partner, is engaged in sawing domestically produced logs, mainly Mie origin, and some of Japanese cypress from Sando forest, one of our corporate forests, will be supplied to the mill where the project is implemented.
Mitsui has participated in developing greenhouse effect gases emission reduction projects overseas since 2000, contributing to the mitigation of climate change as well as the achievement of the Japanese GHG emission reductions target set by the Kyoto Protocol. With experience and knowledge in CO2 emission reduction projects, Mitsui will take part in domestic CO2 emission reduction and removal projects and carbon offset, and pursue solutions to the avoidance of climate changes.
|Project name||CO2 emission reductions by the installation of a domestic woody biomass fired boiler|
|Location||Taki saw mill, Nishimura Sawmill Co., Ltd.|
|Project description||Replacing existing heating oil fired boilers to a biomass fired boiler at wood drying facility, utilizing wood barks and scraps generated at saw mill.|
|Estimated amount of emission reductions||Approx. 3,400t-CO2 (Year 2009)|
|Crediting period||From 01/07/2009 to 31/03/2013|
*Japanese CDM Scheme
The crediting CO2 emission reductions scheme organized by Ministry of Economics, Trade and Industry in Japan, where CO2 emission reductions projects, with technology and finance provided by large-scale enterprises, implemented by small and middle scale enterprises CO2 emission reductions are certified and credits generated can be used for accomplishing CO2 emission reductions targets under Keidanren Voluntary Action Plan.
This press release includes forward-looking statements about Mitsui. These forward-looking statements are based on the current assumptions and beliefs of Mitsui in light of the information currently available to it, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. The risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest annual report on Form 20-F, which has been filed with the U.S. Securities and Exchange Commission.
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