ENGIE signs a biomass supply contract with Sumitomo in Japan
ENGIE has just signed a biomass delivery contract with Japanese Trading firm Sumitomo Corporation for the supply of a power plant to be operated by its subsidiary Summit Energy Corporation. The plant construction is to begin in 2016 in the port of Sakata, in North-Eastern Japan. ENGIE is pleased to enter a long-term partnership with Sumitomo Corporation in one of the Group’s recognised areas of expertise, in line with its commitment to be an actor of the Energy Transition in Europe and beyond.
This contract secures the delivery of one million tonnes of wood pellets as of 2018, over a period of 10 years.ENGIE will be providing an integrated service for its client, from sourcing to shipping.
ENGIE is a global actor in biomass supply, asset optimisation and risk management solutions, operating from Brussels and Singapore. It leverages more than 10 years experience in the supply of its own thermal plants in Europe – including freight, storage and in-land logistics – to develop third-party activities in this field.
As one of the founding members of the Sustainable Biomass Partnership (SBP) initiative, ENGIE’s pellet supply is fully certified and sustainable.
ENGIE develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take on the major challenges of energy’s transition to a low-carbon economy: access to sustainable energy, climate-change mitigation and adaptation, security of supply and the rational use of resources. The Group provides individuals, cities and businesses with highly efficient and innovative solutions largely based on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology. ENGIE employs 152,900 people worldwide and achieved revenues of €74.7 billion in 2014. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, DJSI World, DJSI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).