Inauguration of Idemitsu Vietnam Green Energy Plant | Project | Finance

The wood pellet factory by Idemitsu Green Energy Vietnam Co., Ltd. (IGEV) has a capacity of 120,000 tons.

Officially started construction at the end of July 2022 at Hoai Tan Industrial Park, Hoai Nhon Town (Binh Dinh), after one year of project implementation, the Wood Pellet Factory invested by Idemitsu Green Energy Vietnam Co., Ltd. (IGEV) under Idemitsu Kosan Co., Ltd. (Idemitsu Kosan) has officially come into operation.

This is a large-scale commercial plant producing black pellets with heating technology, with an annual production capacity of 120 thousand tons of Idemitsu™ Green Energy Pellets (IGEP) and exported to the Japanese market.

Mr. Atsuhiko Hirano - Vice President of Idemitsu Kosan, shared at the inauguration event of the factory: "This will be the first renewable energy project that Idemitsu Kosan operates itself and also the first black pellet factory in Vietnam. The start-up of this factory is the first important step for Idemitsu Kosan in moving towards the goal of achieving a capacity of 3 million tons by 2030, not only from factories in Vietnam but also from other countries in the Pacific region. IGEP pellets are a practical and effective solution to replace coal or other fossil fuels to reduce CO2 emissions".

In Japan, coal is used in a wide range of industries, including electric power, pulp and paper, chemical, and food industries, to support people's daily lives. Idemitsu Kosan is working on the project with the aim of meeting the carbon emission reduction needs of coal users in Japan and thereby contributing to the sustainable supply of energy and materials.

Source: https://diaoc.nld.com.vn/du-an/khanh-thanh-nha-may-nang-luong-xanh-idemitsu-viet-nam-20230801004322822.htm