Tuesday, June 12, 2012

Japan:

Oji Paper Turns Page To Geothermal Power (Nikkei)


Oji Paper Co. said Tuesday that it will survey a company-owned forest in Hokkaido to gauge its potential for geothermal power.

The joint effort with general contractor Obayashi Corp. will begin in the fall and is expected to cost at least several billion yen.

With the domestic paper market in decline, Oji is looking to branch out into natural resources and energy. The firm owns 190,000 hectares of forest in Japan, making it one of the largest corporate woodland owners.

Read More.....