2022-02-10 02:56:05
Enviva Partners, LP, and Tokyo-based utility Electric Power Development Co., Ltd. (J-Power), have signed a memorandum of understanding (MOU) for the long-term, large-scale supply of sustainable wood biomass from Enviva’s manufacturing facilities in the U.S. to J-Power’s power plants. 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 tons of sustainable wood pellets annually to permanently replace coal in J-Power’s existing coal-fired power plants. 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.
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 and co-fired biomass plants.
Converting existing coal-fired power plants to sustainable biomass usage is one of the quickest, most cost-effective ways to reduce the lifecycle greenhouse gas emissions of a plant by more than 80 per cent while retaining jobs throughout the supply chain. Coal-to-biomass conversion projects enable former coal plants to continue operating cost-efficiently with their existing supply, generation, and grid infrastructure.
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