Green Earth Institute, an investee of PIEF, in collaboration with Electric Power Development Co.,Ltd., “J-POWER,” starts planning a multi-faceted business for the production of biomass fuel using oil palm waste.
Oil palm waste in palm plantations is shredded and reclaimed locally, but it needs to be properly treated as it contains a large amount of water and sugar, otherwise causing greenhouse gas emissions and bug infestation. At the same time, biomass fuel faces challenges such as stable supply, competition with food, and traceability. Currently, in cooperation with a Malaysian plantation company, there is an on-going consideration for projects in which the squeezed juice of oil palm waste is up-cycled into chemicals using GEI’s unique biorefinery technology, and the residue after squeezing is used as biomass fuel. This aims to maximize the utilization of oil palm material, which were previously treated as waste, and to provide a stable and inexpensive supply of biomass fuel that does not compete with food.
In the future, GEI aims to create a circular economy by collaboration with J-POWER GENESIS, a project to realize carbon neutrality and a hydrogen society by using J-POWER’s accumulated gasification technology, including up-grading that converts old coal power plants into hydrogen power facilities by adding new technologies. Through a series of such initiatives, while supporting the solution for greenhouse gas emission control in oil palm plantations, it is possible to achieve negative emissions by reducing CO2 in the air, thereby contributing to the net zero of CO2 emissions.