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Sumitomo Corporation, Japan Paper, and GEI are engaged in the manufacturing and sales of bioethanol produced from wood biomass, ETC.
Sumitomo Corporation <8053.T> announced on the 17th that it has agreed to establish a joint venture company "Mori Sora Biorefinery LLC" with Nippon Paper Industries <3863.T> and Green Earth Institute (GEI, Shinjuku, Tokyo) for the "manufacture and sale of bioethanol and biochemical products made from woody biomass." The project involves constructing a semi-commercial plant within the Nippon Paper Industries' Iwanuma plant in Miyagi Prefecture, focusing on sustainable practices using wood scraps from the Tohoku Region.
Sumitomo Mitsui Reports Slight Decline in Capital Ratios
Fund Update: SUMITOMO MITSUI FINANCIAL GROUP, INC. Added 1,587,073 Shares of $SPY to Their Portfolio
Fund Update: SUMITOMO MITSUI FINANCIAL GROUP, INC. Opened a $725.0M Position in $JEF Stock
Fund Update: SUMITOMO MITSUI FINANCIAL GROUP, INC. Added 1,039,993 Shares of $QQQ to Their Portfolio
Fund Update: SUMITOMO MITSUI FINANCIAL GROUP, INC. Just Disclosed New Holdings